On January 1, 2022, the Sheffield Corp. general ledger shows Equipment $25,400 and Accumulated Depreciation $11,100....

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On January 1, 2022, the Sheffield Corp. general ledger shows Equipment $25,400 and Accumulated Depreciation $11,100. The depreciation resulted from using the straight-line method with a useful life of 8 years and a salvage value of $3,200. 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. Revised annual depreciation +A $ On January 1, 2022, the Sheffield Corp. general ledger shows Equipment $25,400 and Accumulated Depreciation $11,100. The depreciation resulted from using the straight-line method with a useful life of 8 years and a salvage value of $3,200. 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. Revised annual depreciation +A $