Required information The following information applies to the questions displayed below.) 3 Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $87,000. The machine'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 machine produces 33,500 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method. Answer is complete but not entirely correct. Straight-Line Depreciation Choose Numerator Choose Denominator: Annual Depreciation Expense Depreciation expense s 0 Estimated units of production 395,000 Beginning book value x/ $ 39,500 X/ Year 2 Depreciation Year end book value (Year 2) s 3,350 X $ 6,320