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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 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
Required
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