Required information [The following information applies to the questions displayed below.] points Skipped On April 1, 2016. Cyclone's Backhoe Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the straight-line method. eBook Hint Choose Numerator. Choose Denominator: = = Annual Depreciation Annual depreciation References Fraction of Year Depreciation Expense Year Annual Depreciation 2018 2017 $ Apex Fitness Club uses straight-line depreciation for a machine costing $23.860, with an estimated four-year life and a $2.400 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 $2,000 salvage value. points 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 Book Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Relerences 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 revision Required 1 Required 2 >