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Required information

Use the following information for the Exercises below. $($Algo$)$

$[$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.

Exercise $8-5($Algo$)$ Units$-$of$-$production depreciation LO P$1$

Determine the machine's second$-$year depreciation using the units$-$of$-$production method.

References

$\backslash$table$[[$Units$-$of$-$production Depreciation$],[$Choose Numerator:,I,Choose Denominator:,$=,$Annual Depreciation Expense$],[,$I,,$=,$Depreciation expense per unit$],[,$I,,$=,],[$Year$,$Annual Production $($units$),,$Depreciation Expense,$],[$Year $2,,,,]]$