Exercise 8-15A (Algo) Revision of estimated useful life LO 8-7 On January 1, Year 1. Poultry Processing Company purchased a freezer and related installation equipment for $62.400. The equipment had a three-yeat estimated life with a $4,200 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 $3.200. Required Compute the depreciation expense for each of the four years, Year 1-Year 4