De system Announcements Question 13 Cullumber Company purchased a piece of equipment for $67,500. It estimated an 8-year life and a $1,100 salvage value. At the end of year four (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $25,100. Compute the revised annual depreciation (Round answer to decimal places, eg. 5,275.) Revised annual depreciation Click if you would like to show Work for this question Open Show Work By accessing this question Assistance, you will leam while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 1 used