1 Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) of 2 Ramirez Company installs a computerized manufacturing machine In its factory at the beginning of the year at a cost of $85,400. The machine's useful life is estimated at 20 years, or 402,000 units of product, with a $5,000 salvage value During its second year, the machine produces 34,200 units of product. Ok t it ences Exercise 8-4 (Algo) Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Numerator: / Choose Denominator: Annual Depreciation Expense Cost minus salvage Estimated useful life (years) = Depreciation expense 0 4,020 Year 2 Depreciation S 77,360 Year end book value (Year 2) S Che