Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,350. The printer is expected to have a four-year useful life and a $3,800 salvage value. The expected print production is estimated at $1,773,800 pages. Actual print production for the four years was as follows: Year 1 Year 2 554,300 484,000 377,200 387,300 1,802,800 Year 3 Year 4 Total The printer was sold at the end of Year 4 for $4,050. Exercise 8-10A Part b p. Compute the depreciation expense for each of the four years, using units-of-production depreciation. (Round cost per unit to three decimal places and final answers to the nearest whole dollar amount.) Depreciation Expense Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Exercise 8-10A Double-declining-balance and units-of-production depreciation: gain or loss on disposal
LO 8-3, 8-4
(The following information applies to the questions displayed below.)
Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,350. The printer is expected to have
a four-year useful life and a $3,800 salvage value. The expected print production is estimated at $1,773,800 pages. Actual
print production for the four years was as follows:
554,300
484,000
377,200
387,300
Year 1
Year 2
Year 3
Year 4
Total
1,802,800
The printer was sold at the end of Year 4 for $4,050.
Exercise 8-10A Part b
b. Compute the depreciation expense for each of the four years, using units-of-production depreciation. (Round cost per unit to three
decimal places and final answers to the nearest whole dollar amount.)
Depreciation
Expense
Year 1
Year 2
Year 3
Year 4
24
Total accumulated depreciation
Transcribed Image Text:Exercise 8-10A Double-declining-balance and units-of-production depreciation: gain or loss on disposal LO 8-3, 8-4 (The following information applies to the questions displayed below.) Exact Photo Service purchased a new color printer at the beginning of Year 1 for $35,350. The printer is expected to have a four-year useful life and a $3,800 salvage value. The expected print production is estimated at $1,773,800 pages. Actual print production for the four years was as follows: 554,300 484,000 377,200 387,300 Year 1 Year 2 Year 3 Year 4 Total 1,802,800 The printer was sold at the end of Year 4 for $4,050. Exercise 8-10A Part b b. Compute the depreciation expense for each of the four years, using units-of-production depreciation. (Round cost per unit to three decimal places and final answers to the nearest whole dollar amount.) Depreciation Expense Year 1 Year 2 Year 3 Year 4 24 Total accumulated depreciation
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