Question 2 (10 marks) The Easton Fitness Club used straight-line depreciation for a machine that cost $43,500, under the assumption it would have a four-year life and a $4,500 trade-in value. After two years, Easton determined that the machine still had four more years of remaining useful life, after which it would have an estimated $2,600 trade-in value. Required: 1. 2. Calculate the machine's book value at the end of the second year. Calculate the amount of depreciation to be recorded for each of the remaining years in the machine's revised useful life.