On January 1, 2017, the Sunland Company ledger shows Equipment $52,900 and Accumulated Depreciation $20,040. The depreciation resulted from using the straight line method with a useful life of 10 years and a salvage value of $2,800. 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