! Required 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 $85,400. The machine's useful life is estimated at 20 years, or 402,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,200 units of product Determine the machine's second-year depreciation using the units-of-production method. Answer is complete but not entirely correct Units-of-production Depreciation Annual Depreciation Expense Choose Numerator: Choose Denominator: Cost minus salvage Total units of production Depreciation expense per unit = $ 402,000 402,000 1.00 Annual Production Depreciation Expense Year (units) 2 34,200 5,000