Graphics Service Co. purchased a new color copier at the beginning of 2014 for $35,150. The copier is expected to have a five-year useful life and a $6,270 salvage value. The expected copy production was estimated at 2,000,000 copies. Actual copy production for the five years was as follows:

2014 552,500
2015 481,900
2016 383,600
2017 389,300
2018 235,600
Total 2,042,900
The copier was sold at the end of 2018 for $6,470.

9 Part a

Required
a.
Compute the depreciation expense for each of the five years, using double-declining-balance depreciation. (Round your intermediate calculations and final answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "0" wherever required.)

Double-Declining-Balance

2014

2015

2016

2017

2018

10 Part b

Required
b.
Compute the depreciation expense for each of the five years, using units-of-production depreciation.(Round intermediate calculations to 3 decimal places. Round your final answers to nearest dollar amount.)

UNITS-OF-PRODUCTION

2014

2015

2016

2017

2018

11 Part c

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

DEPRECIATION METHODS AMOUNT EFFECT

Double-declining balance

Units-of-Production