On January $1,2025,$ the Pharoah Company general ledger shows Equipment $\backslash (\backslash$$ $49,100\backslash )$ and Accumulated Depreciation $\backslash (\backslash$$ $18,520\backslash ).$ The depreciation resulted from using the straight$-$line method with a useful life of $10$ years and a salvage value of $\backslash (\backslash$$ $2,800\backslash ).$ On this date, the company concludes that the equipment has a remaining useful life of only $2$ years with the same salvage value. Compute the revised annual depreciation. Revised annual depreciation $\backslash (\backslash$$ $\backslash )$