Novak Corp, purchased a piece of equipment for \\( \\$ 72,300 \\). It estimated an 8 -year life and \\( \\$ 1,900 \\) salvage value. At the end of year four (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be \\( \\$ 6700 \\). Compute the revised depreciation assuming Novak uses the straight-line method. Revised annual depreciation