[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 Determine the machine's second-year depreciation using the double-declining balance method. Double-declining balance Depreciation Choose Factors: Choose Factor("%) Beginning book value x Double the straight-line rate $ 79.000 x $ 71,100 x Annual Depreciation Expense Depreciation expense $ 7,900 $ 7.110 First year's depreciation Second year's depreciation 10% 10% =