On January 2, 2015, the Matthews Band acquires sound equipment for concert performances at a cost of
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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 straight-line method.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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