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activity/question.gr Long Term Assets Seved Supreme Fitness Club uses straight-line depreciation for a machine costing $28.100 with an estimated four-year life and a $2.500 residual value. At the beginning of the third year, Supreme determines that the machine has three more years of remaining useful life, after which it will have an estimated $2.050 residual value. Required: 1. Compute the machine's carrying amount 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 carrying amount at the end of its second year, Carrying Amount at the End of Year 2: Sost Accumulated depreciation 2 years Carrying amount at point of revision Required 2 > Required: 1. Compute the machine's carrying amount 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 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) Carrying amount at point of revision Revised salvage value Remaining depreciable cost Years of life remaining Revised annual depreciation years 3-5 < Required 1