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Required information

Use the following information for the Exercises below. $($Algo$)$

$[$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 $$47,500.$ The machine's useful life is estimated at $10$ years, or $405,000$ units of product, with a $$7,000$ salvage value. During its second year, the machine produces $34,500$ units of product.

Exercise $8-4($Algo$)$ Straight$-$line depreciation LO P$1$

Determine the machine's second$-$year depreciation and year end book value under the straight$-$line method.

$\backslash$table$[[,,$Straight$-$Line Depreciation$],[$Choose Numerator:,l$,$Choose Denominator:,$=,\backslash$table$[[$Annual Depreciation$],[$Expense$]]],[,1,,=,$Depreciation expense$],[\stackrel{}{x},,,=,0],[$Year $2$ Depreciation,,,,$],[$Year end book value $($Year $2),,,,]]$