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On January 1, 2017, crossfire acquired sound equipment for concert performances at a cost of $55,900. The rock band estimated that it would use this

On January 1, 2017, crossfire acquired sound equipment for concert performances at a cost of $55,900. The rock band estimated that it would use this equipment for four years, and then sell the equipment for $1900. Calculate depreciation for the first 3 years of the sound equipment's estimated life using the straight-line method. Crossfires year end is December 31

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