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! Required information [ The following information applies to the questions displayed below. ] On January 1 , the Matthews Band pays $ 6 6

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[The following information applies to the questions displayed below.]
On January 1, the Matthews Band pays $66,000 for sound equipment. The band estimates it will use this equipment for fout years and perform 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During the first year, the band performs 45 concerts.
Compute the first-year depreciation using the units-of-production method.
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