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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 $44,200. The machine's useful life is estimated at 10 years, or 392,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 33,200 units of product.

Exercise 8-4 Straight-line depreciation LO P1

Determine the machines second-year depreciation and year end book value under the straight-line method.

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$44,200. The machine's useful life is estimated at 10 years, or 392,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 33,200 units of product. Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Answer is complete but not entirely correct. Straight-Line Depreciation Choose Numerator: 1 Choose Denominator: Annual Depreciation Expense Depreciation expense $ 3,920 Estimated useful life (years) II 1 1 II Cost minus salvage $ 39,200 Year 2 Depreciation Year end book value (Year 2) $ $ 3,920 3,920 X

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