Apex Fitness Club uses straight-line depreciation for a machine costing $30,950, with an estimated four year 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 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 $ 30,950 Accumulated depreciation 2 years 2.550 X Book value at point of revision 28,400 Required 1 Required 2 > Red text indicates no response wat expected in color a formula-based calitation is incorrect no points deducted. Apex Fitness Club uses straight-line depreciation for a machine costing $30,950, with an estimated four-year 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. 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 amount of depreciation for each of the final three years given the revised estimates. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) Revised Depreciation (Years 3.5) Book value at point of revision $ 9,560 Revised salvage value 1900 Remaining depreciable cost 7.660 % Years of life remaining 3 Revised annual depreciation years $ 2.553 % 3-5