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Required information [ The following information applles to the questions displayed below. ] On January 1 , the Matthews Band pays $ 6 9 ,

Required information
[The following information applles to the questions displayed below.]
On January 1, the Matthews Band pays $69,200 for sound equipment. The band estimates it 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.
ompute the first-year depreciation using the straight-line method,
\table[[Straight-Line Depreciation,,,],[Choose Numerator:,1,Choose Denominator:,{fc52eb5a5-9115-4d6c-8392-96b3248e3afd}
\table[[Annual Depreciation],[Expense]]],[,1,,=
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