On January 2, 2024, Sheridan Enterprises reports balances in the Equipment account of $38,300 and Accumulated DepreciationEquipment account of $8,110. The equipment had an original residual value of $1,990 and a 10 -year useful life. Sheridan uses straightline 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