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Why is this not correct? ! Required information [The following information applies to the questions displayed below.] Ramirez Company installs a computerized manufacturing machine in

Why is this not correct?

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! Required information [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 $85,400. The machine's useful life is estimated at 20 years, or 402,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,200 units of product. Determine the machine's second-year depreciation using the double-declining-balance method. x Answer is complete but not entirely correct. Double-declining-balance Depreciation Annual Choose Factors: X Choose Factor(%) E Depreciation Expense Beginning book Double the straight-line Depreciation value X rate expense First year's depreciation O X X 0% Second year's depreciation O X X 0% X E

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