Pina Colada Corp. purchased a piece of equipment for $$70,300.$ It estimated an $8-$year life and $$3,100$ salvage value. At the end of year

four $($before the depreciation adjustment$),$ it estimated the new total life to be $10$ years and the new salvage value to be $$5,200.$

Compute the revised depreciation assuming Pina Colada uses the straight$-$line method.

Revised annual depreciation $