Current Attempt in Progress

On January $1,2027,$ the Sandhill Company general ledger shows Equipment $$26,450$ and Accumulated Depreciation $$9,500.$ The

depreciation resulted from using the straight$-$line method with a useful life of $10$ years and a salvage value of $$2,700.$ On this date, the

company concludes that the equipment has a remaining useful life of only $2$ years with the same salvage value.

Compute the revised annual depreciation.

Revised annual depreciation $