Test 3 (Ch. 9-11) 6 Help Save & Exit Submit Saved Apex Fitness Club uses straight-line depreciation for a machine costing $21,550, with an estimated four year life and a $2,850 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 $2,400 salvage value. 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. 01:29:372 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 Book Value at the End of Year 2 Cost Accumulated depreciation 2 years Book value at point of revision uired 1 Required2 > Mc Graw Prey 34 of 39 Next >