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On January 2 2015 the Matthews Band acquires sound equipment for concert performances at a cost of $65800 The band estimates it will use

On January 2, 2015, the Matthews Band acquires sound equipment for concert performances at a cost of $65,800. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $2,000. During year 2015, the band performs 45 concerts. Compute the year 2015 depreciation using the units-of-production method.

May 22 2020 View more View Less

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