Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $55,900. The machine's useful life is estimated at 10 years, or 294,000 units of product, with a $7,900 salvage value. During its second year, the machine produces 28,100 units of product Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Numerator: / Choose Denominator: Annual Depreciation Expense Cost minus salvage Estimated useful life (years) Depreciation expense = Year 2 Depreciation Year end book value (Year 2)