Apex Fitness Club uses straight-line depreciation for a machine costing $30,750, with an estimated four-year life and a $2,900 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 $2,450 salvage value. Required: 1. Compute the machines 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.

Chapter 8 - Connect Homework Help Save & Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completio Required: 1. Comuute the machine sbock value attre end of its second year 2. Compute the amount of depreciation for each of the ina tree years given the revised estimates Apex Fitness Club uses straight-line depreciation for a machine costing $30,750, with an estimated four-year life and a $2900 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 $2.450 salvage value Fairs Answer is not complete points 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. Answer is not complete Complete this question by entering your answers in the tabs below. Required Rocuired2 Required! Required 2 Comote the arcunt of depreciation for each of the final three years geen the revised estimates. Do not found interstate calculators. Round your answers to the nearest wnde olar) Compute the machine's book value at the end of its second year Book Value at the End of Year 2 Accumulated depreciation 2 years Book value at point of ravision 16625 (9.862) 3 Revised Depreciation Years 3.5) Backa e tant of revision Ressed elavalle Renting departe cos Years life rating Resed mulderrec alionyears