On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $68,400. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During year 2017, the band performs 45 concerts. Compute the year 2017 depreciation using the units-of-production method. Select formula for the depreciation rate of Units of Production: Calculate 2017 depreciation expense: Depreciation per concert Concerts in 2017 Depreciation in 2017