1 Required information The following information applies to the questions displa

Question

1 Required information The following information applies to the questions displayed below] Exact Photo Service purchased a new color printer at the beginning of 2018 for $40.600. The printer is expected to have a four-year useful life and a $1,624 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows 2818 2019 2820 2021 545,00e 476,8e6 377,780 394,100 1,793,6ee Total The printer was sold at the end of 2021 for $1,824 quired Compute the depreciation expense for each of the four years, using units-of -production depreciation tRound cost per unit to three decimal places. Round your final answers to nearest dollar amount.) Units-of

Explanation / Answer

Depreciation cost per unit=(40600-1624)/1500000= $0.026 Units of production 2018 14170 =545000*0.026 2019 12397 =476800*0.026 2020 9820 =377700*0.026 2021 2589 =(40600-1624)-(14170+12397+9820)

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