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Apex Fitness Club uses straight-line depreciation for a machine costing $19,750, with an estimated four-year...

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Accounting

Apex Fitness Club uses straight-line depreciation for a machine costing $19,750, with an estimated four-year life and a $2,200 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 $1,750 salvage value.

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

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