$7$

Required information

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Part $1$ of $2$

A company purchases equipment at the beginning of the year at a cost of $$45,900.$ The equipment's useful life is estimated at $10$ years, or $389,000$ units of product, with a $$7,000$ salvage value. During its second year, the equipment produces $32,900$ units of product.

Determine the equipment's second$-$year depreciation and year$-$end book value under the straight$-$line method.

$\backslash$table$[[$Straight$-$Line Depreciation,I,Choose Denominator:,$=,\backslash$table$[[$Annual Depreciation$],[$Expense$]]],[],[,1,,=,$Depreciation exp$$se$],[,1,,=,0],[$Year $2$ Depreciation,,$],[$Year end book value $($Year $2),,,,]]$