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 $47,500. The machine's useful life is estimated at 10 years, or 405,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 34,500 units of product. Determine the machine's second-year depreciation using the units-of-production method. Units-of-production Depreciation Choose Numerator: Choose Denominator: Cost minus salvage I Total units of production $ 1,397,250,000/ 405,000 Year Annual Production (units) Depreciation Expense 2 $ 3,450 Annual Depreciation Expense Depreciation expense per unit $ 3,450.00