Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Ramirez Compariy installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $85,400. The machine's useful iffe is estimated at 20 years, or 402.000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,200 units of product. Exercise 10-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the stralght-line method