On January 1, the Matthews Band pays $67,000 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 straight-line method. Straight-Line Depreciation Annual Depreciation Expense Choose Numerator: Choose Denominator: Depreciation expense On January 1, the Matthews Band pays $67,000 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 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 A building is acquired on January 1 at a cost of $990,000 with an estimated useful life of eight years and salvage value of $89.100. 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 Beginning of Depreciation Depreciation Period Book Rate (62 Expense End of Period Accumulated Book Value Depreciation Value Annual Period First Year Second Year Third Year