Required information Use the following information for the Quick Studies below. (Algo) [The
following information applies to the questions displayed below] On January 1, the Matthews
Band pays $68,600 for sound equipment. The band estimates it will use this equipment 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. QS 8-4 (Algo) Straight-line
depreciation LO P1 Compute the first-year depreciation using the straight-line method..
Required information Use the following information for the Quick Stud.pdf
1. Required information Use the following information for the Quick Studies below. (Algo) [The
following information applies to the questions displayed below] On January 1, the Matthews
Band pays $68,600 for sound equipment. The band estimates it will use this equipment 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. QS 8-4 (Algo) Straight-line
depreciation LO P1 Compute the first-year depreciation using the straight-line method.
![Required information Use the following information for the Quick Studies below. (Algo) [The
following information applies to the questions displayed below] On January 1, the Matthews
Band pays $68,600 for sound equipment. The band estimates it will use this equipment 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. QS 8-4 (Algo) Straight-line
depreciation LO P1 Compute the first-year depreciation using the straight-line method.](https://image.slidesharecdn.com/requiredinformationusethefollowinginformationforthequickstud-230329160749-ef1978d9/85/required-information-use-the-following-information-for-the-quick-studpdf-1-320.jpg)
