URCES Question 12 Sarasota Corp. purchased a piece of equipment for $60,900. It estimated a 8-year life and $2,500 salvage value. At the end of year 3 (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $5,600. Compute the revised depreciation. Company uses straight-line depreciation method. (Round answer to decimal places, e.g. 125.) Revised depreciation Click if you would like to show Work for this question: Open Show Work Question Attempts: 0 of 1 used