AM Saved on.com%2 On January 1, the Matthews Band pays $65,600 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 45 concerts. Compute the first-year depreciation using the straight-line method. Choose Numerator: Straight-Line Depreciation Choose Denominator: Annual Depreciation Expense Depreciation expense On January 1, the Matthews Band pays $66,400 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 units-of-production method. Select formula for the depreciation rate of Units of Production: Calculate the first year depreciation expense Depreciation per concert Concerts in first year Depreciation in first year Saved A building is acquired on January 1, at a cost of $910,000 with an estimated useful life of 8 years and salvage value of $81,900 Compute depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.) Depreciation for the Period End of Period Depreciation Rate (%) Depreciation Expense Accumulated Depreciation Book Value Annual Period Beginning of Period Book Value First Year Second Year Third Year