Determine the machine's second-year depreciation using the double-declining-balance method

Required information {The foiiowing infomation 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 $47,500. The machine's useful life is estimated at 10 years. or 405,000 units of product, with a $2000 salvage value. During its second year, the machine produces 34.500 units of product. Determine the machine's second-year depreciation using the double-declining-balance method. Depreciation expense First year's depreciation Second year's depreciation