On January $2,2024,$ Ivanhoe Enterprises reports balances in the Equipment account of $$39,500$ and Accumulated Depreciation$-$

Equipment account of $$8,010.$ The equipment had an original residual value of $$1,510$ and a $10-$year useful life. Ivanhoe uses straight$-$

line depreciation for equipment. On this date, the company decides that the equipment has a remaining useful life of only $4$ years with

the same residual value.

Calculate the revised annual depreciation.

Revised annual depreciation $