Answer Happy

OS 10-3 Straight-line depreciation P1 On January 2, 2017, 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 2017, the band performs 45 concerts. Compute the year 2017 depreciation using the straight-line method. OS 10-4 Units-of-production depreciation P1 On January 2, 2017, 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 2017, the band performs 45 concerts. Compute the year 2017 depreciation using the units-of-production method.