Required information The following information applies to the questions displaye

Question

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 $42,300. The printer is expected to have a four-year useful life and a $1,692 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows: 2018 2019 2020 2021 553,800 480,800 381,400 393,100 1,809,100 Total The printer was sold at the end of 2021 for $1,942.

Explanation / Answer

Per unit depreciation=(42300-1692)/1500000= 0.027 2018 14953 =553800*0.027 2019 12982 =480800*0.027 2020 10298 =381400*0.027 2021 2375 =(42300-1692)-14953-12982-10298

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