QS 10-7 Computing revised depreciation LO C2 points On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and 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 this equipment will last only a total of three years. The Salvage value of changed. XS 03:18:20 Compute the revised depreciation for both the second and third years. 319 Book value at point of revision Remaining depreciable cost Depreciation per year for years 2 and 3