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-year estimated life with a $4,800 salvage value. Straight-line depreclatlon was used. At the beginning of Year 3 , Poullry Processing revised the expected Ilfe of the assel to four years rather than three years. The salvage value was revised to $3,800. Required Compule the depreclallon expense for each of the four years, Year 1-Year 4