QS 8-4 Units-of-production depreciation LO P On January 2, 2015, the Matthews Band acquires sound equipment for concert performances at a cost of $68,000. 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 units-of-production method. Select formula for the depreciation rate of Units of Production: Calculate 2015 depreciation expense: Depreciation per concert Concerts in 2015 Depreciation in 2015