Brief Exercise 9-6 * Your answer is incorrect. Try again. On January 1, 2017, the Ivanhoe Company ledger shows Equipment $38,000 and Accumulated Depreciation $13,840. The depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $3,400. On this date, the company concludes that the equipment has a remaining useful life of only 4 years with the same salvage value. Compute the revised annual depreciation. The revised annual depreciation