Exercise 8-5 (Algo) Units-of-production depreciation LO P1

Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,300. The machine's useful life is estimated at 10 years, or 403,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,300 units of product.