Home / Questions / xact Photo Service purchased a new color printer at the beginning of Year 1 for $38,000. T...
xact Photo Service purchased a new color printer at the beginning of Year 1 for $38,000. The printer is expected to have a four-year useful life and a $3,500 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows:
| Year 1 | 390,000 | ||
| Year 2 | 410,000 | ||
| Year 3 | 420,000 | ||
| Year 4 | 300,000 | ||
| Total | 1,520,000 | ||
The printer was sold at the end of Year 4 for $1,650.
Required
a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation.
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