Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $37,400. The machine's useful life is estimated at 10 years, or 301,000 units of product, with a $5,300 salvage value. During its second year, the machine produces 28,800 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Numerator: / Choose Denominator: Annual Depreciation Expense Depreciation expense = Year 2 Depreciation Year end book value (Year 2)