w work mode h is shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Apex Fitness Club uses straight-line depreciation for a machine costing $21,150, with an estimated four-year life and a $1,950 salvage value. At the beginning of the third year, Apex determines that the machine has three more years of useful life, after which it will have an estimated $1,500 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 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 11,550 10,050 1.500 $ Required 2 > U U WUIK MUUU. THIS SHOWS What is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Apex Fitness Club uses straight-line depreciation for a machine costing $21,150, with an estimated four-year life and a $1,950 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 $1,500 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. points Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of depreciation for each of the final three years given the revised estimates. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) Revised Depreciation (Years 3-5) Book value at point of revision Revised salvage value Remaining depreciable cost Years of life remaining Revised annual depreciation years 3-5