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Compute the first-year depreciation

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Problem - On January 1, the Matthews Band pays $67,800 for sound equipment. The band estimates it will use this equipment P 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 55 concerts. Compute the first-year depreciation using the units-of-production method.

Reference no: EM132893431

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