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 $47,500. The machine's usefuil life is estimated at 10 years, or 405,000 units of product, with a $7,000 salvage value During is second year, the machine produces 34,500 units of product. Exercise 8.6 (Algo) Double-declining-balance depreciation LO P1 Determine the machine's second-year depreciation using the double-declining-balance method. 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 $47,500. The machine's usefuil life is estimated at 10 years, or 405,000 units of product, with a $7,000 salvage value During is second year, the machine produces 34,500 units of product. Exercise 8.6 (Algo) Double-declining-balance depreciation LO P1 Determine the machine's second-year depreciation using the double-declining-balance method