On January 1, 2022, the Crane Company ledger shows Equipment $41,900 and Accumulated Depreciation $15,520. The depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $3,100. 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. The revised annual depreciation LA $ 13710

On January 1, 2022, the Crane Company ledger shows Equipment $41,900 and Accumulated Depreciation $15,520. The depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $3,100,0 n this date, the compary concludes that the equipment has a remaining useful life of only 2 years with the same salvage value. Compute the revised annual depreciation. The revised annual depreciation