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Use the following information for the Exercises below. ( Algo ) [ The following information applies to the questions displayed below. ] Ramirez Company installs

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 $45,900. The machine's useful life is estimated at 10 years, or 389,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,900 units of product.
Exercise 8-4(Algo) Straight-line depreciation LO P1
Determine the machine's second-year depreciation and year end book value under the straight-line method.
\table[[Straight-Line Depreciation,,],[Choose Numerator:,1,Choose Denominator:,=,\table[[Annual Depreciation],[Expense]]],[,1,,=,Depreciation expense],[,1,,=,],[Year 2 Depreciation,,,,],[Year end book value (Year 2),,,,]]
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