Exact Photo Service purchased a new color printer at the beginning of Year 1 for $36,110. The printer is expected to have a four-year useful life and a $3,800 salvage value. The expected print production is estimated at $1,781,500 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 550,700 481,800 376,300 394,700 1,803,500 The printer was sold at the end of Year 4 for $4,100. Required: a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation Depreciation Expense

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Exact Photo Service purchased a new color printer at the beginning of Year 1 for $36,110. The printer is expected to have a
four-year useful life and a $3,800 salvage value. The expected print production is estimated at $1,781,500 pages. Actual
print production for the four years was as follows:
Year 1
Year 2
Year 3
Year 4
Total
550,700
481,800
376,300
394,700
1,803,500
The printer was sold at the end of Year 4 for $4,100.
Required:
a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation.
Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.
Year 1
Year 2
Year 3
Year 4
Total accumulated depreciation
Depreciation
Expense
Transcribed Image Text:! Required information [The following information applies to the questions displayed below.] Exact Photo Service purchased a new color printer at the beginning of Year 1 for $36,110. The printer is expected to have a four-year useful life and a $3,800 salvage value. The expected print production is estimated at $1,781,500 pages. Actual print production for the four years was as follows: Year 1 Year 2 Year 3 Year 4 Total 550,700 481,800 376,300 394,700 1,803,500 The printer was sold at the end of Year 4 for $4,100. Required: a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Year 1 Year 2 Year 3 Year 4 Total accumulated depreciation Depreciation Expense
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