Ont danvary 1.2022, the Pharoah Company general ledger shows Equipment \$20,550 and Accumulated Depreciation $9,000. The depreciation resulted from using the straight-line method with a useful life of 7 years and a salvage value of $4,800,0 n this date, the company concludes that the equipment has a remaining useful life of only 2 years with the same salvage value. Compute the revised annual depreciation. Revised anmal depreciation