On January 1, 2022, the Ayayai Company ledger shows Equipment $25,600 and Accumulated Depreciation $7,200. The depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $1,600. On this date, the company concludes that the equipment has a remaining useful life of only 4 years with the same salvage value. Compute the revised annual depreciation.

Revised annual depreciation

$enter the revised annual depreciation in dollars