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 $87,000. The machine's useful life is estimated at 20 years, or 395,000 units of product, with a $8,000 salvage value. During its second year, the machine produces 33,500 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 Units-of-production Depreciation 1 Choose Denominator: Annual Depreciation Expense Estimated Useful life (years) = Depreciation expense per unit 0 Depreciation Expense Year Annual Production (units) N