Oriole Company purchased a piece of equipment for $73,100. It estimated an 8-year life and a $2,700 salvage value. At the end of year four (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $8,200. Compute the revised depreciation. (Round answer to 0 decimal places, e.g. 5,275.)

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Oriole Company purchased a piece of equipment for $73,100. It estimated an 8-year life and a $2,700 salvage value. At the end of year four (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $8,200.

Compute the revised depreciation. (Round answer to 0 decimal places, e.g. 5,275.)

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