XE$10\mathrm{.}8($LO $2)$ On January $1,2020,$ the Morgantown Company ledger shows Equipment $$32,000$ and Accumulated Depreciation$-$Equipment $$9,000.$ The depreciation resulted from using the straight$-$line

Compute revise

method with a useful life of $10$ years and salvage value of $$2,000.$ 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.