Question
Ramirez company installs a computerized manufacturing machine in it's factory at the beginning of the year at a cost of $86,200. The machine's useful life
Ramirez company installs a computerized manufacturing machine in it's 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 it's 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.
Straight-line depreciation- Depreciation expense.
Year 2, depreciation
Year end book value (year 2)
give a clear answer please thank you. no confusion.
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