Martinez Corporation purchased a piece of equipment for $75,300. It estimated an 5-year life and $1,200 salvage value. At the end of year 4 (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $12,640. Compute the revised depreciation, assuming Martinez uses the straight-line method. Revised annual depreciation $ Save for Later Attempts: 0 of 1 used Submit