Exercise $10-13($Algo$)$ Revising depreciation LO C$2$

Apex Fitness Club uses straight$-$line depreciation for a machine costing $$30,950,$ with an estimated four$-$year life and a $$2,350$ 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 $$1,900$ salvage value.

Compute the machine's book value at the end of its second year:

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 Required $2$

Compute the machine's book value at the end of its second year.

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.

$\backslash$table$[[$Book Value at the End of Year $2$:$,],[$Cost$,],[$Accumulated depreciation $2$ years,$],[$Book value at point of revision,$]]$