Problem - Printer Image Co. purchased a new color copier at the beginning of 2014 for $35,710. The copier is expected to have a five-year useful life and a $5,860 salvage value. The expected copy production was estimated at 2,000,000 copies. Actual copy production for the five years was as follows:
2014- 552,200 2015- 475,100 2016- 381,900 2017- 389,400 2018- 238,500
The copier was sold at the end of 2018 for $6,360.
Compute the depreciation expense for each of the five years(2014-2018), using double-declining-balance depreciation.