On January 2,2017, the Matthews Band acquires sound equipment for concert performances at a cost...
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On January 2,2017, the Matthews Band acquires sound equipment for concert performances at a cost of $65,800. The band estimates t will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four it can sell the equipment for $2,000. During year 2017, the band performs 45 concerts Compute the year 2017 depreciation using the units-of-production method. lect formula for the depreciation rate of Units of Production: Calculate 2017 depreciation expense: Depreciation per concert Concerts in 2017 Depreciation in 2017 H1 Next 5 of 16
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