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 $83,600. The machine's useful life is estimated at 20 years, or 398,000 units of product, with a $4,000 salvage value. During its second year, the machine produces 33,800 units of product. 20 Exercise 8-4 (Algo) Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Answer is complete but not entirely correct. Straight Line Depreciation Choose Numerator Cost minus salvage Choose Denominator: Estimated units of production Annual Depreciation Expense Depreciation expense (83600-4000) 395.000 Year 2 Depreciation 30.800 Year and book value (Year 2 75,040 6