Exercise 8-13 Revising depreciation LO C2 Apex Fitness Club uses straight-line depreciation for a machine costing $20,150, with an estimated four-year life and a $2,150 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 $1,700 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 Answer is not complete. 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 21 Cost $ 20,150 Accumulated depreciation 2 years Book value at point of revision $ 20.150 (Required Required 2 > Exercise 8-13 Revising depreciation LO C2 Apex Fitness Club uses straight-line depreciation for a machine costing $20,150, with an estimated four-year life and a $2,150 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 $1700 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. Answer is not complete 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 3-3) Book value at point of revision Revised salvage Value 1,700 Remaining depreciable cost Years of ide remaining Revised annual depreciation years 3.5