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Check my ! Required information [The following information applies to the questions displayed below.) Ramirez Company installs a computerized manufacturing machine in its factory of
Check my ! Required information [The following information applies to the questions displayed below.) Ramirez Company installs a computerized manufacturing machine in its factory of the beginning of the year at a cost of $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 33,600 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method. Choose Numerator: Straight-Line Depreciation Choose Denominator: Estimated units of production Annual Depreciation Expense Depreciation expense Cost minus salvage 0 $ Year 2 Depreciation Year end book value (Year 2) 6,720 ! 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 $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 33,600 units of product Determine the machine's second-year depreciation using the units-of-production method. Choose Numerator: Units-of-production Depreciation Choose Denominator Annual Depreciation Expense Depreciation expense per unit Annual Production (units) Depreciation Expense Year Year 2 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 $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7000 salvage value. During its second year, the machine produces 33,600 units of product. Determine the machine's second-year depreciation using the double-declining balance method. Double-declining-balance Depreciation Choose Factors Choose Factor ces Annual Depreciation Expense Depreciation expense First year's depreciation Second year's depreciation
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