Compute the year depreciation using straight-line method

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On January 2, 2008, the Cerritos Band acquires sound equipmentfor concert performances at a cost of $65,800. The band estimatesit will use this equipment for four years, during which time itanticipates performing about 200 concerts. It estimates that afterfour years it can sell the equipment for $2,000. During year 2008,the band performs 45 concerts. Compute the year 2008 depreciationusing the (1) straight-line method and (2) units-of-productionmethod. (Omit the "tiny_mce_markerquot; sign in your response.)

Straight-line method

The Units of Production method

Reference no: EM13257964

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