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 $84,200. The machine's useful life is estimated at 10 years, or 386,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,600 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 Denominator:Annual Estmated useful life (years) Choose Numerator: Expense Cost minus salvage Depreciation expense Year 2 Depreciation Year end book value (Year 2)