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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $66,700. The machines useful life
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $66,700. The machines useful life is estimated at 10 years, or 276,000 units of product, with a $9,500 salvage value. During its second year, the machine produces 26,300 units of product.
Determine the machines second-year depreciation and year end book value under the straight-line method. I need year two depreciation, as well as year end book value for year 2.
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