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# Apex Fitness Club uses straight-line depreciation for a machine costing \$26,850, with an estimated four-year life...

## Question

###### Apex Fitness Club uses straight-line depreciation for a machine costing \$26,850, with an estimated four-year life...

Apex Fitness Club uses straight-line depreciation for a machine costing \$26,850, with an estimated four-year life and a \$2,900 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 \$2,450 salvage value.

Required:
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.

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