Required information Use the following information for the Quick Studies below. (Static) [The following infoumation applies to the questions dispiayed below] On January 1 , the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts, It estimates that after fouf years it can sell the equipment for $2.000. During the first year, the band perfornis 45 concerts. QS 8-4 (Static) Straight-line depreciation LO P1 Compute the fisst year depreciation using the straight tine method