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Business, 24.03.2020 00:55 juniorracer148

On January 1, the Matthews Band pays $68,200 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During the first year, the band performs 55 concerts.

(Cost = Salvage value) / Total units of production

Calculate the first year depreciation expense:
Depreciation per concert
Concerts in first year
Depreciation in the first year

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On January 1, the Matthews Band pays $68,200 for sound equipment. The band estimates it will use thi...
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