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Requirea information [The following information applies to the questions displayed below.) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of
Requirea information [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 $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 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 Choose Numerator: 1 Choose Denominator: Annual Depreciation Expenso Depreciation expense $ 0 Cost minus salvage 17 $ 38,50011 Year 2 Depreciation Year end book value (Year 2) Estimated useful life (years) 385,000 8 = S 32,500 X S 32,500 X
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