Sylabus-Fal 2020 introduction to A work Save QS 8-3 Straight-line depreciation LO P1 On January 1, the Matthews Band pays $67,800 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During the first year, the band performs 45 concerts. Compute the first-year depreciation using the straight-line method. Straight-Line Repreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Depreciation expense