Relaford Corporation purchased a piece of equipment for $61,800. It estimated an 7-year life and $3,070 salvage value. At the end of year 4 (before the depreciation adjustment), it estimated the new total life to be 9 years and the new salvage value to be $5,320.
Compute the revised annual depreciation. Company uses straight-line depreciation method. (Round answers to 0 decimal places, e.g. 125.)