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Accounting

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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 and year end book value under the straight-line method.
\table[[Straight-Line Depreciation],[Choose Numerator:,I,Choose Denominator:,=,\table[[Annual Depreciation],[Expense]]],[,1,,=,Depreciation expense],[,1,,=,],[Year 2 Depreciation],[Year end book value (Year 2),,,,]]
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