on Chapter 9.2 Question 2 of 2 071 III View Policies show Attempt History Current Attempt in Progress * Your answer is incorrect. Swifty Corporation purchased a piece of equipment for $74,000. It estimated a 8-year life and $2,960 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 $5,920. Compute the revised depreciation Company uses straight-line depreciation method. (Round answer to 0 decimal places, e.g. 125.) Revised depreciation $ 6,907 e Textbook and Media Save forster Attempts: 1 of 2 used Submit