QS 8-3 Straight-line depreciation LO P1 On January 2, 2015, the Matthews Band acquires sound equipment for concert performances at a cost of $66,000. The band estimates it will use this equipment for 4 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 2015, the band performs 45 concerts. Compute the year 2015 depreciation using the straight-line method. Depreciation expense - 2015