2 Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,300. The machine's useful life is estimated at 10 years, or 403,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,300 units of product. Exercise 8-5 Units-of-production depreciation LO P1 Determine the machine's second-year depreciation using the units-of-production method. Answer is complete but not entirely correct. Units of production Depreciation Choose Numerator Cost Choose Denominator: Annual Depreciation Expense Depreciation expense per unit Estimated Useful life (years) S 40.300 Annual Production (units) 4,030 10 4030.00 Year Depreciation Expense 2 3,430