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Exercise 1 0 - 1 3 ( Algo ) Revising depreciation LO C 2 Apex Fitness Club uses straight - line depreciation for a machine

Exercise 10-13(Algo) Revising depreciation LO C2
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.
Compute the machine's book value at the end of its second year:
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.
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Compute the amount of depreciation for each of the final three years given the revised estimates.
Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar.
\table[[Revised Depreciation (Years 3-5)],[Book value at point of revision],[Revised salvage value],[Remaining depreciable cost],[Years of life remaining],[Revised annual depreciation years 3-5]]
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