Question 5 On January 1, 2014, the Vasquez Company ledger shows Equipment $54,800 and Accumulated Depreciation-Equipment $11,140. The depreciation resulted from using the straight-line method with a useful life of 10 years and salvage value of $4,660. On this date, the company concludes that the equipment has a remaining useful life of only 5 years with the same salvage value. Compute the revised annual depreciation. Revised annual depreciation