123 4 5 LO 6 7 Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. Compute depreciation expense for year: Cost 2 Estimated useful life Salvage value Estimated total units of production Units produced in second year $43,500 EN 8 9 10 11 12 13 14 Required: 15 Determine the machine's second-year depreciation and year end book value under the straight-line method. 16 Second-year depreciation 17 Book value end of year 2 18 30 10 years $5,000 385,000 units 32,500 units

please explain showing formulas used to get the right answer. thank you

Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life'is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. 13. 14 Required: 15 Determine the machine's second-year depreciation and year end book yalue under the straight-line method. Second-year depreciation Book value end of year 2