QS 8-4 Units-of-production depreciation LO P1

On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $65,800. 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 $2,000. During year 2017, the band performs 45 concerts.

Compute the year 2017 depreciation using the units-of-production method.

6 Safari File Edit View History Bookmarks Window Help 9 L21 \".3 21%|El- , O O O El] newconnecttmheducationtcom Chp s Quick Study 0 Saved Help Save a. Exit Submit Check my work 125 On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $65,800. The band estimates points it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that aer four years it can sell the equipment for $2,000 During year 2017, the band performs 45 concerts. 05 8-4 Units-of-production depreciation LO P1 skipped Compute the year 2017 depreciation using the units-of-production method. a : eEook calculate 2017 depreciation expense: Depreciation per concert H'nt ' Concerts in 2017 Depreciation in 2017 ii References Prev 1 of 8 Next )