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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 using the units-of-production method.
\table[[Units-of-production Depreciation],[Choose Numerator:,I,Choose Denominator:,=,Annual Depreciation Expense],[,I,,=,Depreciation expense per unit],[,I,,=,],[Year,Annual Production (units),,Depreciation Expense,],[Year 2,,,,]]
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