Required 1A Required 1B Required 2 Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. For Firm E, compute depreciation for the second year given the revised useful life estimate. Important! Be sure to click the correct Firm at the top of the dashboard. Show less A Firm Revised Depreciation for Second Year E Book value at point of revision $ 58,500 E Revised salvage value 18,000 E Remaining depreciable cost E Years of life remaining 2 1,500 E Revised annual depreciation for second year $ < Required 1A Required 2 >