Chapter 8 Homework Seved Help Save & Exit Check my w 11 91 Doints Apex Fitness Club uses straight-line depreciation for a machine costing $26 800, with an estimated four-year life and a $1,950 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 $1.500 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 Com Accumulated precationtyw Book about point of vision Required) Save & EXE Sub 11 Check my work Apex Fitness Club uses straight-line depreciation for a machine costing $26,800, with an estimated four-year life and a $1950 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 $1,500 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. Book Complete this question by entering your answers in the tabs below. Print Required: 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 valve at point of revision Revised salvage value Remaining depreciable cost Years of remaining