Determine depreciation expense for each of the four years

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Exact 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.

Question 1: Compute the depreciation expense for each of the four years, using units-of-production depreciation. (Round cost per unit to three decimal places and final answers to the nearest whole dollar amount.)

Reference no: EM132495201

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