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 $86,800. The machine's useful life is estimated at 20 years, or 404,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 34,400 units of product. Determine the machine's second-year depreciation using the units-of-production method. Units-of-production Depreciation Choose Numerator: Cost minus salvage Choose Denominator: Estimated Useful life (years) = Annual Depreciation Expense = Depreciation expense per unit $ 80,800 / 20 = $ 4,040.00 Year Annual Production (units) Depreciation Expense Year 2