pex Fitness Club uses straight-line depreciation for a machine costing $28,450, with an estimated four year life and a $2,850 salvage alue. At the beginning of the third year, Apex determines that the machine has three more years of remaining useful life, after which it ill have an estimated $2,400 salvage value. equired 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 Required 1Required 2 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 revision22,050 $28,450 6,400 Apex Fitness Club uses straight-line depreciation for a machine costing $28,450, with an estimated four year life and a $2,850 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 $2,400 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 1Required 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 years 22,050 (2,400) 19,650 3-5 KRequired 1 Required 2