On january 2 2011 the crossover band acquires sound, Ask an Expert

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On January 2, 2011, the Crossover Band acquires sound equipment for concert performances at a cost of $55,900. The band estimates it will use this equipment for four years, during which time it anticipates performing about 120 concerts. It estimates that after four years it can sell the equipment for $1,900. During year 2011, the band performs 40 concerts. Compute the year 2011 depreciation using the units-of-production method. ...i have a hard time understanding this, any help?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9983022

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