[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 $47,000. The machine's useful life is estimated at 10 years, or 390,000 units of product, with a $8,000 salvage value. During its second year, the machine produces 33,000 units of product. 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 = Depreciation expense Year 2 Depreciation Year end book value (Year 2)Determine the machine's secondyear depreciation using the unitsofproduction method. Determine the machine's secondyear depreciation using the doubledecliningbalance method. First year's depreciation Depreciation expense Second year's depreciation