3 Part 1 of 3 8.33 points ! Required information [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 $87,000. The machine's useful life is estimated at 20 years, or 395,000 units of product, with a $8,000 salvage value. During its second year, the machine produces 33,500 units of product. eBook Hint Determine the machine's second-year depreciation and year end book value under the straight-line method. Print References Straight-Line Depreciation Choose Numerator: / Choose Denominator: = Annual Depreciation Expense Cost minus salvage Estimated useful life (years) Depreciation expense $ 79,000 / 20 $ 3,950 Year 2 Depreciation Year end book value (Year 2) Check my work