Help Save&Exit Submit Check my work Qs 8-5 Computing revised depreciation LO C2 On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of it will use this equipment for four years. It estimates that after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that due to concert bookings beyond expectations, this equipment will last only a total of three years. The salvage value remains unchanged. $65,800. The band estimates Book Compute the revised depreciation for both the second and third years. Hint Print Book value at point of revision Remaining depreciable cost Depreciation per year for years 2 and 3