oo Verizon LTE 9:59 PM o 20%D Chapter 09 Homework Kimmel, Financial Accounting, Be Do It! Review 9-2b Cheyenne Corp. purchased a piece of equipment for $58,800. It estimated a 9-year life and $3,400 salvage value. At the end of year 3 (before the depreciation adjustment), it estimated the new total life to be 11 years and the new salvage value to be $5,200. Compute the revised depreciation. Company uses straight-line depreciation method. (Round answer to o decimal places, e.g. 125.) Revised degreciation y&Sons