+ On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at...
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+ On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $66,600. The band estimates it will use this equipment for five years, during which time it anticipates performing about 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During year 2017, the band performs 55 concerts. 1 points Compute the year 2017 depreciation using the units-of-production method. Answer is complete but not entirely correct. Select formula for the depreciation rate of Units of Production: (Cost - Salvage value) / Total units of production Calculate 2017 depreciation expense: Depreciation per concert $ 17,380.00 X Concerts in 2017 55 Depreciation in 2017 $ 955,900
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