Question

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Part 1 of 3 Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value During its second year, the machine produces 32,500 units of product. points Exercise 8-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Answer is complete but not entirely correct. Annual Depreciation Expense Choose Numerator: Choose Denominator: Depreciation ex Cost minus salvage / Estimated useful life (years) se 8,500 85,000$ 6,960 34,800 Year 2 Depreciation Year end book value (Year

Answer 1

Answer

--Requirement

Straight Line Depreciation
Choose Numerator	Choose Denominator	Annual Depreciation expense
Cost minus Salvage	Estimated useful life [years]	Depreciation expense
$       38,500.00	10	$         3,850.00
Year	Depreciation expense
Year 2 Depreciation	$              3,850.00
Year end book Vlaue (Year 2)	$           35,800.00	[$43500 - 3850 - 3850]