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Supreme Fitness Club uses straight-line depreciation for a machine costing $28,100, with an estimated four year life and a $2,500 residual value. At the

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Supreme Fitness Club uses straight-line depreciation for a machine costing $28,100, with an estimated four year life and a $2,500 residual 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 $2.050 residual value. Required: 1. Compute the machine's carrying amount 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 1 Required 2 Compute the machine's carrying amount at the end of its second year. Carrying Amount at the End of Year 2 Cont Accumulated depreciation 2 years Carrying amount at poet of revision Required 2 >

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