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Apex Fitness Club uses straight-line depreciation for a machine costing $24,900, with an estimated fouryear life and a $2,350 salvage value. At the beginning of

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Apex Fitness Club uses straight-line depreciation for a machine costing $24,900, with an estimated fouryear life and a $2,350 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 $1,900 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. Roun answers to the nearest whole dollar.) Apex Fitness Club uses straight-line depreciation for a machine costing $24,900, with an estimated fouryear life and a $2,350 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 $1,900 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 amount of depreciation for each of the final three years given the revised estimates. (Do not roun calculations. Round your answers to the nearest whole dollar.)

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