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Use the following information for the Exercises below. (Algo) [The following information applies...

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Accounting

Use the following information for the Exercises below. (Algo)
[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 $45,900. The machine's useful life is estimated at 10 years, or 389,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,900 units of product.
Exercise 8-5(Algo) Units-of-production depreciation LO P1
Determine the machine's second-year depreciation using the units-of-production method.
\table[[Units-of-production Depreciation],[Choose Numerator:,I,Choose Denominator:,=,Annual Depreciation Expense],[,1,,=,Depreciation expense per unit],[,1,,=,],[Year,Annual Production (units),,Depreciation Expense,],[Year 2,,,,]]
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