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Apex Fitness Club uses straight-line depreciation for a machine costing $23,500, with an estimated four-year life and a $2,250 salvage value. At 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 $1800 salvage value. Required: 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. Required 1 Required 2 Compute the machine's book value at the end of its second year Book Value at the End of Year 2 Cost Accumulated depreciation 2 years Book value at point of revision $ Rimi Required 2 > Montana Mining Co pays $4,894 700 for an ore deposit containing 1497,000 tons. The company installs machinery in the mine costing $212,300, which will be abandoned when the ore is completely mined. Montana mines and sells 146,700 tons of ore during the year Prepare the year-end entries to record both the ore deposit depletion and the mining machinery depreciation Mining machinery depreciation should be in proportion to the mine's depletion (Do not round Intermediate calculations, Round your final answers to the nearest whole number.) OK View transaction list + Journal entry worksheet 12 > + Record the year-end adjusting entry for the depletion expense of ore mine Notente debts before credits Date General Journal Debit Crecht Dec 31 Record entry Clear entry View general Journal