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QS 10-10 (Algo) Computing revised depreciation LO C2 On January 1, the Matthews Band pays...

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QS 10-10 (Algo) Computing revised depreciation LO C2 On January 1, the Matthews Band pays $68,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $1,000. Matthews Band uses straight-line depreciotion but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is hot changed Compute the revised depreciation for both the second and third years

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