A company uses straight$-$line depreciation for equipment costing $$20,400,$ with a four$-$year useful life and a $$2,350$ salvage value. At

the beginning of the third year, the company revises its estimates and determines that the equipment has three more years of

remaining useful life, after which it will have a $$1,900$ salvage value

Complete this question by entering your answers in the tabs below.

Required $1$ Required $2$

Compute the equipment's book value at the end of its second year

Book Value at the End of Year $2$:

CostA company uses straight$-$line depreciation for equipment costing $$20,400,$ with a four$-$year useful life and a $$2,350$ salvage value. At

the beginning of the third year, the company revises its estimates and determines that the equipment has three more years of

remaining useful life, after which it will have a $$1,900$ salvage value

Complete this question by entering your answers in the tabs below.

Required $1$ Required $2$

Compute the equipment's book value at the end of its second year

Book Value at the End of Year $2$:

Cost