Check my work On January 1, the Matthews Band pays $66,800 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 12.5 points Compute the first-year depreciation using the straight-line method Straight-Line Depreciation Pool Choose Numerator Choose Denominator Annual Depreciation. Expense Depreciation expense Check my work A building is acquired on January 1, at a cost of $880,000 with an estimated useful life of 10 years and salvage value of $79.200 Compute depreciation expense for the first three years using the double-declining balance method. (Round your answers to the nearest dollar.) End of Period Depreciation for the Period Beginning of Depreclation conclusion Depreciation - Expense Value Annual Perlod Accumulated Depreclation. Book Value First Year Second Year Third Year