Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $47,000. The machine's useful life is estimated at 10 years, or 390,000 units of product, with a $8,000 salvage value. During its second year, the machine produces 33,000 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method Answer is complete but not entirely correct Straight-Line Depreciation Annual Depreciation Expense Choose Numerator: Choose Denominator: Depreciation expense Beginning book value Double the SL rate 43,100 x 2,155 $ 9,400 7,520 Year 2 Depreciation ear end book value (Year ts factory at the beginning Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $47,000. The machine's useful life is estimated at 10 years, or 390,000 units of product, with a $8,000 salvage value. During its second year, the machine produces 33,000 units of product. Determine the machine's second-year depreciation using the units-of-production method Units-of-production Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Beginning book value Double the SL rate - Depreciation expense per unit 43,100 20$ 2,155.00 Year Annual Production (units) 2 Depreciation Expense 3,900$ 20