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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the...

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Accounting

Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $47,500. The machine's useful life is estimated at 10 years, or 405,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 34,500 units of product.

Determine the machines second-year depreciation using the double-declining-balance method.

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