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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 of
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 $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 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 Expenso Depreciation expense 0 Cont minus salvage 5 38,500 Year 2 Depreciation Year end book value (Year 2) O 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 $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. Determine the machine's second-year depreciation using the double-declining balance method. Double-declining-balance Depreciation Choose factors: Choose Factor%) Annual Depreciation Expense Depreciation expense $ 0 $ 0 First year's depreciation Second year's depreciation X
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