Required information Use the following Information for the Exercises below. 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 $84,600. The machine's useful life is estimated at 20 years, or 393,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,300 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Estimated useful life (years) Dewcation expense Cost minus salvage 78,600 Year 2 Depreciation Year and book value Year 2) 4.2301 Prev 23 of 6 Next > Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84,600. The machine's useful life is estimated at 20 years, or 393,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,300 units of product. Exercise 8-5 Units-of-production depreciation LO P1 Determine the machine's second-year depreciation using the units-of-production method Choose Numerator: Cost minus salvage 78 600 Annual Production (units) 33,300 Answer is complete but not entirely correct. Units-of production Depreciation Choose Denominator: - Annual Depreciation Expense I Total units of production Depreciation expense per unit 393,000 0.20 Depreciation Expense Year 6.600 X