Required information Use the following information for the Quick Studles below. (Algo) The following information applies to the questions dispiayed below] On January 1, the Matthews Band pays $66.200 for sound equipment. The band estimates it will use this ectuipment for five years and perform 200 concerts it estimates that after tive years it can sell the equipment for 52.000 lDuring the first year, the band performs 55 concerts QS 10-5 (Algo) Units-of-production depreciation LO P1 Compuse the first year depreciation using the units of-production method