0.5 Simulation rive Save 3 On January 1, the Matthews Band pays $66.000 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for $1.000. During the first year, the band performs 45 concerts. Compute the first-year depreciation using the straight-line method. 4.75 olnts 8 02:56.43 Straight-Line Depreciation Choose Denominator Choose Numerator: Annual Depreciation Expense = Depreciation expense eBook = Hint Beginning book value Cost Cost minus salvage References 3 On January 1, the Matthews Band pays $66.000 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for $1.000. During the first year, the band performs 45 concerts. Compute the first-year depreciation using the straight-line method. 8.75 points 8 02:56:22 Straight-Line Depreciation Choose Denominator Choose Numerator: Annual Depreciation Expense Depreciation expense ebook Hint Double the SL rate Estimated units of production Estimated useful life (years) References