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Required Information

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

Determine the machine's second$-$year depreclation and year end book value under the straight$-$line method.

$\backslash$table$[[$Straight$-$Line Depreciation$],[$Choose Numerator:,I,Choose Denominator:,$=,\backslash$table$[[$Annual Depreciation$],[$Expense$]]],[$Cost minus salvage,$1,$Estimated useful life $($years$),=,$Depreciation expense$],[40,500,1,10,=,4,050],[$Year $2$ Depreciation$],[$Year end book value $($Year $2),,,,]]$