Computing Depreclation with an Estimate Change Whitney Company purchases equipment on fuly 1 of Year 1 for 568,000 . This equipment has a useful life of five years and a residual value of $8,000, The company uses the straight-aine ciepreciation method. On January 1 of Year 3 , the company extended the estimate of the total useful life to eight years and adjusted the salvage vatue to $4,000, Compute depreciation expense for Yeat 3 , Note Round your answer to the nearest whole dollar. Depreciation expense for Year 3.3 x