Sheffield Corp. purchased a piece of equipment for $$62,000.$ It estimated a $8-$year life and $$2,480$ 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 $$4,960.$

Compute the revised depreciation. Company uses straight$-$line depreciation method. $($Round answer to $0$

decimal places, e$.$g$.125.)$

Revised depreciation $ $