Current Attempt in Progress

On January $2,2024,$ Carla Vista Enterprises reports balances in the Equipment account of $$38,800$ and Accumulated Depreciation$-$Equipment account of $$8,690.$ The equipment had an original residual value of $$2,410$ and a $10-$year useful life. Carla Vista uses straight$-$line depreciation for equipment. On this date, the company decides that the equipment has a remaining useful life of only $4$ years with the same residual value.

Calculate the revised annual depreciation.

Revised annual depreciation

$