On January 1, the Matthews Band pays $67,000 for sound equipment. The band estimates it will use this equlpment 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 45 concerts. Compute the first year depreciation using the straight-line method. Straight Line Depreciation Choose Numerator Choose Denominator Annual Depreciation Expense Dopsociation expense Double the SL rate Estimated units of production Estimated useful life (years)