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! Required information Use the following information for the Exercises below. [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 $83,600. The machine's useful life is estimated at 20 years, or 398,000 units of product, with a $4,000 salvage value. During its second year, the machine produces 33,800 units of product. Exercise 8-6 Double-declining-balance depreciation LO P1 Determine the machine's second-year depreciation using the double-declining balance method. int erences Double declining balance Depreciation Choose Factors: Choose Factor%) Beginning book value Double the straight-line rate 5 83.800 x 20% $ 33,800 20% First year's depreciation Second year's depreciation Annual Depreciation Expense - Depreciation expense $ 16,720 $ 6,760