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Check 7 On January 1, the Matthews Band pays $67.200 for sound equipment. The band estimates it will use this equipment for four years and
Check 7 On January 1, the Matthews Band pays $67.200 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $1,000. 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. 1 points Book value at point of revision Remaining depreciable cost Depreciation per year for years 2 and 3 eBook Him Pust Hatence
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