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.

The revised depreciation for both the second and third years is $23,925.

Explanation:

Using a straight-line method (method of allocating the cost of an asset over its useful life after considering the salvage value due to wear and tear), the depreciation is calculated as: (Cost - Residual Value) / Useful life

Depreciation = ($65,800 - $2,000) / 4 years

Depreciation = $15,950 yearly

The accumulated depreciation for the first year will still be will be $15,950, while the net book value (cost - accumulated depreciation) of the equipment is $65,800 - $15,950 = $49,850.

New depreciation from the second year onward is ($49,850 - $2,000) / 2 years = $23,925 yearly.

answer; im thinking the correct answer is (7years);

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.