On January 1, 2001, the Asler Company ledger shows Equipment $32,000 and Accumulated Depreciation $12,000. The depreciation resulted from using the straightline method with a useful life of 10 years and a salvage value of $2,000. On this date the company concludes that the equipment has a remaining useful life of only 2 years with the same salvage value. Compute the revised annual depreciation.