Business, 30.03.2021 03:20, angelamirga332

QS 8-7 Computing revised depreciation LO C2 On January 1, the Matthews Band pays $65,200 for sound equipment. The band estimates it will use this equipment for five years and 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 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.

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QS 8-7 Computing revised depreciation LO C2 On January 1, the Matthews Band pays $65,200 for sound e...