On July 1, 2019, Sunland Company purchased new equipment for $80,000. Its estimated useful life was 8 years with a $20,000 salvage value. On December 31, 2022, (before calculating annual depreciation] the company estimated that the equipment's remaining useful life was 10 years, with a revised salvage value of $5.000. Compute the revised amual depreciation on December 31, 2022. Revised annual depreciation