On January 1, 1997, the Asler Company ledger shows Equipment \(\$ 32,000\) and Accumulated Depreciation \(\$ 12,000\). The depreciation resulted from using the straight-line method with a useful life of 10 years and salvage value of \(\$ 2,000\). On this date, the company concludes that the equipment has only a remaining useful life of 4 years with the same salvage value. Compute the revised annual depreciation.