Please assist me with ts practice homework question. Transcribed Image Text: Required Information [The following information applies to the questions displayed

Excerpt
beyond expectations, ts equipment wll last only a total of three years. The salvage value remains unchanged. Compute the revised depreciation for both the second and trd years. Book value at point of revision Remaining depreciable cost Depreciation per year for years 2 and 3

Please assist me with ts practice homework question. Transcribed Image Text: Required Information
[The following information applies to the questions displayed below.)
On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $65,800. The
band estimates it will use ts equipment for four years, during wch time it anticipates performing about 200 concerts. It
estimates that after four years it can sell the equipment for $2,000. During year 2018, the band performs 45 concerts.
Matthews Band uses straight-line depreclation but realizes at the start of the second year that due to concert bookings beyond
expectations, ts equipment wll last only a total of three years. The salvage value remains unchanged.
Compute the revised depreciation for both the second and trd years.
Book value at point of revision
Remaining depreciable cost
Depreciation per year for years 2 and 3

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