Supreme Fitness Club uses straight-line depreciation for a machine costing $21,300, with an estimated four-year life and a $2,600 salvage value. At the beginning of the third year, Supreme determines that the machine has three more years of remaining useful life, after which it will have an estimated $2,150 salvage value.

(1)	Compute the machines book value at the end of its second year. (Omit the "$" sign in your response.)

Book value

$

(2)	Compute the amount of depreciation for each of the final three years given the revised estimates. (Do not round your intermediate calculations. Round your answers to the nearest dollar amount. Omit the "$" sign in your response.)

	Amount of depreciation
Year 3	$
Year 4	$
Year 5	$

On April 30, 2009, Tilton Products purchased machinery for $264,000. The useful life of this machinery is estimated at 8 years, with an $24,000 residual value.

13.

value: 2.00 points

Required information

Refer to the information above. Assume that in its financial statements, Tilton Products uses straight-line depreciation and the half-year convention. Depreciation expense recognized on this machinery in 2009 and 2010 will be:

$22,500 in 2009 and $33,000 in 2010.

$18,000 in 2009 and $36,000 in 2010.

$15,000 in 2009 and $30,000 in 2010.

$33,000 in 2009 and $16,500 in 2010.

Refer to the information above. Assume that in its financial statements, Tilton Products uses the 200%-declining-balance method and the half-year convention. Depreciation expense in 2009 and 2010 will be:

$33,000 in 2009 and $57,750 in 2010.

$66,000 in 2009 and $57,750 in 2010.

$66,000 in 2009 and $49,500 in 2010.

$33,000 in 2009 and $66,000 in 2010.

Refer to the information above. Assume that in its financial statements, Tilton Products uses the 200%-declining-balance method and the half-year convention. Depreciation expense in 2009 and 2010 will be:

$33,000 in 2009 and $57,750 in 2010.

$66,000 in 2009 and $57,750 in 2010.

$66,000 in 2009 and $49,500 in 2010.

$33,000 in 2009 and $66,000 in 2010.