On January 1, 2010, the Ewing Company ledger shows Equipment $41,529 and Accumulated Depreciation $18,279. The depreciation resulted from using the straight line method with a useful life of 10 years and a salvage value of $2,245. 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.