QS 8-7 (Algo) Computing revised depreciation LO C2 On Janusry 1, the Matthews Band pays $67,600 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $1,000. Matthews Band uses straight-line depreciation but reolizes ot the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years