Use the following information for the Quick Studies below. $($Static$)$ The following information applies to the questions displayed below On January $1,$ the Matthews Band pays $$65,800$ for sound equipmentThe band estimates it will use this equipment for four years and perform $200$ concertsIt estimates that after four years it can sell the equipment for $$2,000$During the first yearthe band performs $45$ concerts. QS $8-4($Static $)$ Straight $-$line depreciation LO P$1$ Compute the first $-$year depreciation using the straight $-$line method Straight$-$Line Depreciation Choose Numerator : Choose Denominator: Annual Depreciation Expense