Chapter 08 - Practice Problem Seved Help 6 Apex Fitness Club uses straight-line depreciation for a machine costing $22,050, with an estimated four-year life and a 52.600 salvage value. At the beginning of the third year, Apex determines that the machine has three more years of remaining useful life, after which will have an estimated $2.150 salvage value Required: 1. Compute the machine's book value at the end of its second year. 2. Compute the amount depreciation for each of the final three years given the revised estimates eBook Hint Complete this question by entering your answers in the tabs below. Punt Required 1 Required 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 22050 9.500 12.550 Required 2 >