Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $49,100. The machine's useful life is estimated at 10 years, or 401,000 units of product, with a $9,000 salvage value. During its second year, the machine produces 34,100 units of product.

Determine the machines second-year depreciation and year end book value under the straight-line method.

Required information Use the following information for the Exercises below. The following information applies to the questions displayed below. Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $49,100. The machine's useful life is estimated at 10 years, or 401,000 units of product, with a $9,000 salvage value During its second year, the machine produces 34,100 units of product. Exercise 1o-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Denominator: Estimated useful life (yearsD S 4,010 Annual Deprecia Choose Numerator: Expense ost minus salvage Depreciation expense 40,100 4,010 Year 2 Depreciation Year end book value (Year 2)