QS 9-5 Calculating depreciation-straight-line L02 On January 2, 2017, Crossfire acquired sound equipment for concert performances at a cost of $55,900. The rock band estimated that it would use this equipment for four years, and then sell the equipment for $1,900. Calculate depreciation for each year of the sound equipment's estimated life using the straight- line method. Crossfire's year-end is December 31.

QS 9-5 Calculating depreclation-stralght-line LO2 On January 2, 2017, Crossfire acquired sound equipment for concert performances at a cost of $55,900. The rock band estimated that it would use this equipment for four years, and then sell the equipment for $1,900. Calculate depreciation for each year of the sound equipment's estimated life using the straightline method. Crossfire's year-end is December 31