5 Part 2 of 2 3.57 points Skipped eBook Hint Ask References Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] On January 1, the Matthews Band pays $66,200 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During the first year, the band performs 55 concerts. QS 10-5 (Algo) Units-of-production depreciation LO P1 Compute the first-year depreciation using the units-of-production method. Select formula for the depreciation rate of Units of Production: (Cost-Salvage value) / Total units of production Calculate the first year depreciation expense: Depreciation per concert Concerts in first year Depreciation in first year

Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the cuestions cisplayed belovi] On January 1 , the Matthews Band pays $66.200 for sound equipment. The band estimates it will use this equipment for tive years and perform 200 concerts. It estimates that aftet five years it can sell the equipment for $2,000. During the first yeac, the band performs 55 concerts. QS 10-5 (Algo) Units-of-production depreciation LO P1 Compute the firstyear depreciation using the un ts - of production method. Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questrons displayed below] On January 1 , the Matthews Band pays $66.200 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2.000. During the first yeat, the band performs 55 concerts. QS 10.5 (Algo) Units-of-production depreciation LO P1 Compute the first-year depreciation using the units-of-production method