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Exercise 8-13 (Algo) Revising depreciation LO C2 Apex Fitness Club uses straight-line depreciation for a...

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Exercise 8-13 (Algo) Revising depreciation LO C2 Apex Fitness Club uses straight-line depreciation for a machine costing $23,850, with an estimated four your life and a $2.750 kg value. At the beginning of the third year. Apex determines that the machine has three more years of remaining settie, atter wicht will have an estimated $2,300 salvage value 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the machine's Dook value at the end of its second year. Do not round intermediate calculation. Round your final answers to the nearest whole dollar) Book Value at the End of Year 2 Cout Accumulated depreciation 2 years Bookpoint of revision Required 2 > Required 1 Required 2 Compute the amount of depreciation for each of the final three years 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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