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.
Required:
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 amount of depreciation for each of the final three years given the revised estimates. Dc calculations. Round your answers to the nearest whole dollar.
tableRevised Depreciation Years Book value at point of revision,$Revised salvage value,,Remaining depreciable cost,,Years of life remaining,,Revised annual depreciation years $
