# 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 \$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 1: 548,800year 2: 475,400year 3: 385,000year 4: 386,000total: 1,795,200the printer was sold at the end of year 4 for \$3850.Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods.

Question
18 views

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 \$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 1: 548,800

year 2: 475,400

year 3: 385,000

year 4: 386,000

total: 1,795,200

the printer was sold at the end of year 4 for \$3850.

Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods.

check_circle

Step 1

Calculate the gain or loss on sale of printer under each of the depreciation method:

Step 2

Therefore, gain on sale of printer under each depreciation method is as follows:

Step 3

Working notes:

WN 1: Calculate the accumulated depreciation at the en...

### Want to see the full answer?

See Solution

#### Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in