On January 1, the Matthews Band pays $65,200 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 Compute the first-year depreciation using the units-of-production method, Seltet formula for the depreciation rate of Units of Productions Cost-Salvage Value) / Useful life in periods Calculate the first year depreciation expense Depreciation per concert Concerts in first year Depreciation in test year