$1$

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On January $1,$ the Matthews Band pays $$67,600$ for sound equipment. The band estimates it will use this equipment for four years and perform $200$ concerts. It estimates that after four years it can sell the equipment for $$1,000.$ During the first year, the band performs $45$ concerts.

Compute the first$-$year depreciation using the straight$-$line method.

$\backslash$table$[[$Choose Numerator:,Straight$-$Line Depreciation,,$],[$Choose Denominator:,$=,\backslash$table$[[$Annual Depreciation$],[$Expense$]],],[,1,,$Depreciation expense$],[,,=,]]$