Ask Question
2 October, 12:57

On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed.

Compute the revised depreciation for both the second and third years.

+1
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers