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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 $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 33,600 units of product. Determine the machine's second-year depreciation using the units-of-production method. Answer is complete but not entirely correct. Units-of-production Depreciation Choose Denominator: Total units of production 6,720 Choose Numerator: Cost minus salvage 70,360 X Annual Production (units) 6,720 X Annual Depreciation Expense Depreciation expense per unit 10.47 = Year Depreciation Expense 2 13,792 X ! 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 $86,200. The machine's useful life is estimated at 10 years, or 396,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 33,600 units of product. Determine the machine's second-year depreciation using the double-declining-balance method. Answer is not complete. Double-declining-balance Depreciation Choose Factors: Choose Factor(%) = Annual Depreciation Expense Depreciation expense Beginning book value Double the straight-line rate First year's depreciation Second year's depreciation $ 6,720