On January 2, 2021, Crane Enterprises reports balances in the Equipment account of $33,000 and Accumulated Depreciation-Equipment account of $9,350. The equipment had an original residual value of $1,750 and a 10-year useful life. Crane 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 $ eTextbook and Media e Textbook Attempts: 0 of 3 used