Use the following information for the Exercises below. (Static) [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 $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. Exercise 8-6 (Static) Double-declining-balance depreciation LO P1 Determine the machine's second-year depreciation using the double-declining-balance method. First year's depreciation Second year's depreciation Answer is complete but not entirely correct. Double-declining-balance Depreciation $ $ Choose Fac rs: Beginning book value x 43,500 x 13,000 x Choose Factor(%) Annual Depreciation Expense Double the straight-line rate = 20%- Depreciation expense $ 8,700 20%- 2,600