On January 1, the Matthews Band pays $68,400 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 Compute the first-year depreciation using the units of production method Select formula for the depreciation rate of Units of Production 006 rate x Beginning period book value Calculate the first year depreciation expense Depreciation per concent 5 337.00 Concerts in first year 45 Depreciation in first year $ 15.165 V On January 1, the Matthews Band pays $68,400 for sound equipment. TH perform 200 concerts. It estimates that after four years it can sell the equ concerts. Compute the first-year depreciation using the units-of-production method Select formula for the depreciation rate of Units of Production: DDB rate x Beginning-period book value LLC (Cost - Salvage value) / Total units of production (Cost - Salvage value) / Useful life in periods (Cost - Salvage value) x DDB rate DDB rate x Beginning-period book value