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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 producti

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.

 

Sep 22 2020 Read more Less More

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