4 On January 1, the Matthews Band pays $68,200 for sound equipment. The band estimates it will use this equipment for five years and after five years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years. 00:57:04 Book value at point of revision Remaining depreciable cost Depreciation per year for years 2 and 3