Question

Check my w Required information Use the following information for the Exercises below. The following information applies to the questions displayed below] of3 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 $7000 salvage value. During its second year, the machine produces 34,500 units of product Book Exercise 10-4 Straight-line depreciation LO P1 est Determine the machine's second-year depreciation and year end book value under the straight-line method eences Straight Line Depreciation Annual Depreciation Expense Choose Numerator: Choose Denominator: Depreciation expense 0 Year 2 Depreciation Year end book value (Year 2)

Answer 1

Answer J strcuight line depieciation - Annaul depredaton Expene denominalor Numorator LOst-saluage vatue Deprecia tio Expene sefut lite ot aet u1500- $7oco) 4050 (O yeavs 4050 year a depie ciation 44,Sco- 40SD- 40SD Year end loook Valua (year ) 39,4oo 11 Units of production depreciation- Annuae depecia-tho Expense denominator Namerator Pepre ciaton Expee porunit (COSt-Saluage valu) Estmated Unika of Production tu00-$0co)yos000 uns 0Pn unit Annual deiecia trim (units) x Deprecia tion Expense penunt year 2 depieciation O- renunit 34,sD $34 SD

Double declining baulanee depe ciation x loo Depreciation rate as per straight line meltad yefed life To xloo z Lo Pate of double declining alance 20 Annua depreciatón Expense pactox pactor (.) X Yate Depreciation Expense CoSt X $9500 year depreciation $u¥sDo 20 $1600 nd 20 . year depreciation, oo-0) x