Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $$47,500.$ The machine's useful life is estimated at $10$ years, or $405,000$ units of product, with a $$7,000$ salvage value. During its second year, the machine produces $34,500$ units of product.

Exercise $8-5($Algo$)$ Units$-$of$-$production depreciation LO P$1$

Determine the machine's second$-$year depreciation using the units$-$of$-$production method.

$\backslash$table$[[$Units$-$of$-$production Depreciation$],[$Choose Numerator:,$1,$Choose Denominator:,$=,$Annual Depreciation Expense$],[2,1,5,=,$Depreciation expense per unit$],[,1,,=,],[$Year$,,$Annual Production $($units$),,$Depreciation Expense$],[$Year $2,,10,$E$|$l$|,+1]]$