On January 1, 2021, the Hincs Co. ledger shows Equipment with a balance of $100,000 and Accumulated Depreciation - Equipment of $50,000. Straight-line depreciation has been used for the asset which had an 9 year useful life, and a salvage of $10,000. On this date, the company concludes that the equipment has a remaining useful life of only 3 years with $2,000 salvage value. Compute the revised annual depreciation in the space provide. Show all calculations for partial credit