QS 8-4 Units-of-production depreciation LO P1 On January 1, the Matthews Band pays $68,600 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During the first year, the band performs 55 concerts. Compute the first-year depreciation using the units-of-production method.

$18,315

Explanation:

The first-year depreciation using the units-of-production method can be calculated as follows

Depreciation per concert = (Cost of equipment - Salvage value)/Total estimated concerts

Depreciation per concert = (68,600 - 2,000)/200

Depreciation per concert = 66,600/200

Depreciation per concert = $333

Depreciation in first year = 336 x 55

Depreciation in first year = $18,315

d,

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.