I need help plz. This is a quiz for chapter 8. The book is financial and manager

Question

I need help plz. This is a quiz for chapter 8. The book is financial and managerial accounting wild, 6e

QS 8-4 Units-of-production depreciation LO P1 On January 2, 2015, the Matthews Band acquires sound equipment for concert performances at a cost of $65,800. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $2000. During year 2015, the band performs 45 concerts. Compute the year 2015 depreciation using the units-of-production method. Solect formula for the depreciation rate of Urnts of Productions Calculate 2015 depreciation expense Depreciation per concert Concerts in 2015 Depreciation in 2015

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1 Working: Cost of Equipment 65800 Less:Salvage Value 2000 A Depreciable Value 63800 B Total Concert during life time of equipment 200 Working Final A/B=C Depreciation per concert $ 63800/200 319 D Concert in 2015 45 E=C*D Depreciation in 2015 $ 319*45 14355 2 Working $ Invoice Price per Machine 12500 Less: Discount since paid in 10 days 12500*2% 250 Net Purchase price 12250 Add: Freight Charges 360 Steel Mounting and Power 895 Assembling 475 Damages-not normal hence its not considered 0 Material used in adjusting 40 Total Cost to be recorded 14020

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