Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Ramirez Company instalis a computerized manufacturing machine in its foctory at the beginning of the yeor at a cost of $47,000. The machine's useful life is estimated at 10 years, or 390,000 units of product, with a $8,000 salvage value. During its second year, the machine produces 33,000 units of product. Exercise 8-4 (Algo) Straight-line depreciation LO P1 Determine the machine's second-year depreciotion and year end book value under the straight-line method