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Required information [The following information applies to the questions displayed below] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning
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 $84,200. The machine's useful life is estimated at 10 years, or 386,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,600 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 Cost minus salvage Estimated useful ife (years) Depreciation expense 0 Year 2 Depreciation $ 14.840 Year end book value (Year 2) $ 69,360
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