Apex Fitness Club uses straightline depreciation for a machine costing $ with an estimated fouryear life and a $ 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 $ 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.
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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.
tableBook Value at the End of Year :CostAccumulated depreciation years,Book value at point of revision,$
