Exercise $8-15$A Revision of estimated useful life LO $8-7$On January $1,$ Year $1,$ Poultry Processing Company purchased a

freezer and related installation equipment for $$61,200.$ The

equipment had a three$-$year estimated life with a $$3,900$ 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 $$2,900.$

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Required

Compute the depreciation expense for each of the four years, Year

$1$Year $4.$

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