Question 18 of 40 -/4 Ti View Policies Current Attempt in Progress Concord Corporation purchased a piece of equipment for $85,200, it estimated an 5 year life and $2,200 salvage value. At the end of year (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $17,620. Compute the revised denceciation assuming Concord uses the straight-line method. Revised annual depreciation $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit