Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $87,000. The machine's useful life is estimated at 20 years, or 395,000 units of product, with a $8,000 salvage value. During its second year, the machine produces 33,500 units of product. Determine the machine's second-year depreciation using the double-declining-balance method. Double-declining-balance Depreciation Choose Factors: Choose Factor(%) = Annual Depreciation Expense Beginning book value xDouble the straight-line rate = Depreciation expense First year's depreciation $ 79,000 10% = $ 7,900 Second year's depreciation $ 71,100 10% = $ 7,110