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exact photo service purchased a new color printer at the beginning of year 1 for $36,790. The printer is expected to have a four year useful life and a $3,600 salvage value.  The expected print production is estimated at $1,773,200 pages.  Actual print production for the four years was as follows:year one: 548,800year two: 475,400year three: 385,000year four: 386,000total: 1,795,200The printer was sold at the end of year 4 for $3,850.Compute the depreciation expense for each of the four years, using double declining balance depreciation.

Question

exact photo service purchased a new color printer at the beginning of year 1 for $36,790. The printer is expected to have a four year useful life and a $3,600 salvage value.  The expected print production is estimated at $1,773,200 pages.  Actual print production for the four years was as follows:

year one: 548,800

year two: 475,400

year three: 385,000

year four: 386,000

total: 1,795,200

The printer was sold at the end of year 4 for $3,850.

Compute the depreciation expense for each of the four years, using double declining balance depreciation.

 

 

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Step 1

Calculate double declining depreciation rate:

 

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Step 2

Compute the depreciation expense for each of the four years, us...

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