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On January 2, 2017, the Mathews Band acquires sound equipment for concert performances et a cost of $65,800. The band estimates it will use this

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On January 2, 2017, the Mathews Band acquires sound equipment for concert performances et a cost of $65,800. The band estimates it will use this equipment for four years. It estimates that aftes four years it can sell the equipment for $2,000 Mathews Band uses straight-line depreciation but realizes et the start of the second year that due to concert bookings beyond expectations, this equipment will last only a total of three years. The salvage value remains unchanged Compute the revised depreciation for both the second and third years Book value at point of revtcion Remaining depreciable cod Depreciation per year for years 2 and 3

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