Required information [The following information applies to the questions displayed below.] A company purchases equipment at the beginning of the year at a cost of $87,000. The equipment's useful life is estimated at 20 years, or 395,000 units of product, with a $8,000 salvage value. During its second year, the equipment produces 33,500 units of product. Determine the equipment's second-year depreciation and year-end book value under the straight-line method. Straight-Line Depreciation Choose Numerator: / Choose Denominator: Year 2 Depreciation Year end book value (Year 2) l = 11 II = Annual Depreciation Expense Depreciation expense 0