Ramsey Corporation purchased a piece of equipment for $53,700.

It estimated an 7-year life and $2,450 salvage value.

At the end of year 3 (before the depreciation adjustment), it estimated the new total life to be 9 years and the new salvage value to be $5,110.

Compute the revised annual depreciation.

Company uses straight-line depreciation method. (Round answers to 0 decimal places, e.g. 125.)