On January 2, 2024, Blossom Enterprises reports balances in the Equipment account of 530,000 and Accumulated DepreciationEquipment account of $8,000. The equipment had an original residual value of $1,500 and a 10 -year useful life Blaskem ines straight line depreciation for equipment. On this date, the company decides that the equipment has a remaining tueful life of only 4 ytas with the same residual value. Calculate the revised annual depreciation. Revised annual depreciation $