Business, 19.07.2020 01:01 fatimaacarrillo2005

On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $66,200. The band estimates it will use this equipment for five years. It estimates that after five years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that due to concert bookings beyond expectations, this equipment will last only a total of three years. The salvage value remains unchanged. Compute the revised depreciation for both the second and third years.

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On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of...

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