Do Itl Review 10-02b Sarasota Corporation purchased a plece of equipment for $71,500. I t estimated the new total Iife to be 10 years and the new salvage value to be $11,720. it estimated an S-year Iife and $2,900 salvage value. At the end of year four (before the depreciation adjustment), Compute the revised depreciation. (Round answer to 0 declmal places, e.g. 5,275.) Click if you would like to Show Work for this question: Open Show Work