Apex fitness club uses straigh

timer Asked: Nov 10th, 2015

Question description

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 determined that the machine has three more years of remaining useful life, after which it will have an estimated $2,000 salvage value. Compute the machine's book value at the end of it's second year and the amount of depreciation for each of the final three years given the revised estimates.

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