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Apex Fitness Club uses straight-line depreciation for a machine costing $21.050, with an estimated four-year life and a $2,900 salvage value. Al the beginning of the third year, Apex determines that the machine has three more years of remaining useful life, after which it Will have an estimated $2.450 salvage value. 1. Compute the machine's book value at the end of its second year. 2. Compute the amount of depreciation for each of the final three years given the revised estimates. Complete this question by entering your answers in the tabs below. Compute the machine's book value at the end of its second year. (Do not round intermediate calculations. Round your final answers to the nearest whole dollac.) Required information [The following information applles to the questions displayed below] On April 1, Cyclone Company purchases a trencher for $294,000. The machine is expected to last five years and have a salvage value of $47,000. Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the straight-line method