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Required information Use the following information for the Exercises below. [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 $84.200. The machine's useful life is estimated at 10 years, or 386,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,600 units of product. 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. Straight-line Depreciation Choose Numerator: Choose Denominator: Estimated useful life (years) Annual Depreciation Expense Depreciation expense Cont minus salvage 0 Year 2 Depreciation Your end book value (Year 2) Exercise 8-5 Units-of-production depreciation LO P1 Determine the machine's second-year depreciation using the units-of-production method. Choose Numerator: Costminus salvage Units-of-production Depreciation Choose Denominator Annual Depreciation Expense Total units of production + Depreciation expense per unit 0 Year Annual Production (units) 2 Depreciation Expense Required information Use the following information for the Exercises below. 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 $84.200. The machine's useful life is estimated at 10 years, or 386,000 units of product, with a $7.000 salvage value. During its second year, the machine produces 32,600 units of product Exercise 8-6 Double-declining-balance depreciation LO P1 Determine the machine's second-year depreciation using the double-declining-balance method. Answer is complete but not entirely correct. Double-declining-balance Depreciation Annual Choose Factors: Choose Factor) Depreciation Exponso Beginning book Double the straight-line Depreciation value X rate expense $ 84200X 10% - S 8,420 $ 75,780 3 x 10% S 7,578 First year's depreciation Second year's depreciation