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AC201 depreciation On January 1, Year 1, Poultry Processing Company purchased a freezer and related installation equipment for $70,500. The equipment had a three-year estimated

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On January 1, Year 1, Poultry Processing Company purchased a freezer and related installation equipment for $70,500. The equipment had a three-year estimated life with a $3,000 salvage value. Straight-line depreciation was used. At the beginning of Year 3 , Poultry Processing revised the expected life of the asset to four years rather than three years. The salvage value was revised to $2,000 Required Compute the depreciation expense for each of the four years, Year 1-Year 4

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