Required information Use the following information for the Quick Studies below. (Static) The following information appries to the cuestions displayed below) On January 1, the Matthews Band pays $65.800 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates trat after four years it can sell the equipment for $2,000. During the first yeat, the band performs 45 concerts. QS 8-5 (Static) Units-of-production depreciation LO P1 Cormpute the first year depreciation using the units of production method