On January 1, 2017, the Morgantown Company ledger shows Equipment $55,000and Accumulated DepreciationEquipment $10,600. The depreciation resulted from using the straight-line method with a useful life of11years and salvage value of $3,900. On this date, the company concludes that the equipment has a remaining useful life of only4years with the same salvage value.

Compute the revised annual depreciation.

What is the revised annual depreciation