On January 1,2025, the Widhorse Co. general ledger shows Equipment $51,700 and Accumulated Depreciation $19,800. The depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $2,200. 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 depreclation $