3 Part 1 of 2 Required information Use the following information for the Exercises below. (Algo) [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 Book Hint Exercise 8-5 (Algo) Units-of-production depreciation LO P1 Print Reference Determine the machine's second-year depreciation using the units-of-production method, Units-of-production Depreciation Choose Denominator: Choose Numerator: nnual Depreciation Expense Depreciation expense per unit Depreciation Expense Year Annual Production (units) 2 Mc Graw IHIL