Relaford Corporation purchased a piece of equipment for $62,200. It estimated an 7-year life and $2,580 salvage value. At the end of year 3 (before the depreciation adjustment), it estimated the new total life to be 9 years and the new salvage value to be $5,620. Compute the revised annual depreciation. Company uses straight-line depreciation method.

Do It! Review 9-3 X Your answer is incorrect. Try again. Relaford Corporation purchased a piece of equipment for $62,200. It estimated an 7-year life and $2,580 salvage value. At the end of year 3 (before the depreciation adjustment), it estimated the new total life to be 9 years and the new salvage value to be $5,620 Compute the revised annual depreciation. Company uses straight-line depreciation method. (Round answers to O decimal places, e.g. 125.) Revised depreciation 9000