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 $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 33,600 units of product Determine the machine's second-year depreciation using the units of-production method. Choose Numerator Units-ot-production Depreciation Choose Denominator Annual Depreciation Expense - Depreciation expense 0 Depreciation Expense Year Annual Production (units) 2 On January 1, the Matthews Band pays $66,600 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During the first year, the band performs 55 concerts. Compute the first-year depreciation using the units-of-production method, Select formula for the depreciation rate of Units of Production: Calculate the first year depreciation exponse Depreciation per concert Concerts in first year Depreciation in first year