On january 2, 2017, 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 $2,000. during year 2017, the band performs 45 concerts. compute the year 2017 depreciation using the straight-line method.

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.