Exercise 8-13 (Algo) Revising depreciation LO C2 Apex Fitness Club uses straight-line depreciation for a machine costing $21,950, with an estimated four-year life and a $2,700 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 $2,250 salvage value 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. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar) Book Value at the End of Year 2 Cost $ 21.950 Accumulated depreciation 2 years Check my 13 Complete this question by entering your answers in the tabs below. 0.6 Doints Required 1 Required 2 Compute the machine's book value at the end of its second year (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar) co $ P o Valoe at the End of You 2. Cont Accumulated depreciation 2 years Book value at point of revision 21.950) etences 4,813 Required 2 > Exercise 8-13 (Algo) Revising depreciation LO C2 Apex Fitness Club uses straight-line depreciation for a machine costing $21.950, with an estimated four-year life and a $2,700 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 $2,250 salvage value: 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 Dupreciation (Years 3-5) Book value at point of revision Revaid salvage Value yuy 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 Revised salvage value Remaining depreciable cost Years of life remaining Revised annual depreciation yours 35