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 using the units-of-production method. Units-of-production Depreciation Choose Numerator: I Choose Denominator: 1 Year Annual Production (units) Depreciation Expense 2 = Annual Depreciation Expense = Depreciation expense per unit =