BE9.8 On January 1, 2017, the Vasquez SA ledger shows Equipment 32,000 and Accu- mulated Depreciation-Equipment 9,000. The depreciation resulted from using the straight-line method with a useful life of 10 years and residual value of 2,000. On this date, the company concludes that the equipment has a remaining useful life of only 4 years with the same residual value. Compute the revised annual depreciation