Exercise $8-15$A $($Algo$)$ Revision of estimated useful life LO $8-7$

On January $1,$ Year $1,$ Poultry Processing Company purchased a freezer and related installation equipment for $$66,900.$ The equipment

had a three$-$year estimated life with a $$3,900$ salvage value. Straight$-$line depreciation was used. At the beginning of Year $3,$ Poultry

Processing revised the expected life of the asset to four years rather than three years. The salvage value was revised to $$2,900.$

Required

Compute the depreciation expense for each of the four years, Year $1$ to Year $4.$