Required Information (The following information applies to the questions displayed below) On January 1, the Matthews Band pays $68,000 for sound equipment. The band estimates will use this equipment for four 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 straight-line method. Bohlin Depreciation Choose Numeraton Choose Denominator Annual Depescation Depreciation expense