Do It! Review 9-2b x Your answer is incorrect. Try again. Novak Corp. purchased a piece of equipment for $69,400. It estimated a 8-year life and $3,900 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 $4,000. Compute the revised depreciation. Company uses straight-line depreciation method. (Round answer to 0 decimal places, e.g. 125.) X Revised depreciation