3 of 3 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 $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 Bo Exercise 8-6 Double-declining-balance depreciation LO P1 Hint Print Determine the machine's second-year depreciation using the double-declining balance method. Double-declining balance Depreciation Choose Factor Choose Factor%) Annual Depreciation Experise Depreciation expense Fint year's depreciation Second year's depreciation 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 $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. 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 and correct. Units of production Depreciation 2 Choose Denominator: Annual Depreciation Expense Total units of production Depreciation expense per unit 402,000 0.20 Choose Numerator: Cost minus salvage $ 80,400 Annual Production (unita) 34,200 Year Depreciation Expense 6,840 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 $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. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method, Answer is complete and correct Straight Line Depreciation Annual Depreciation Expense Choose Numerator Choose Denominator: Estimated useful life (years) Depreciation expenso S 4,020 20 Costminus salvage S 80,400 Your 2 Depreciation Year end book value (Year 2) $ s 4,020 77,360