Apex determines that the machine has three more years

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Apex Fitness Club uses straight  line depreciation for a machine costing $ 23,860, with an estimated four year life and a $ 2,400 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 $ 2,000 salvage value. 

Compute: 

(1) The machine's book value at the end of its second year 

(2) The amount of depreciation for each of the final three years given the revised estimates.

Reference no: EM13902621

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