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 10-5 (Algo) Units-of-production depreciation LO P1 Determine the machine's second-year depreciation using the units-of-production method. Choose Numerator: 1 Units of production Depreciation Annual Depreciation Expense Depreciation expense per unit Choose Denominator: Annual Production (units) Year Year 2 Depreciation Expense