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

$$86,200.$ The machine's useful life is estimated at $10$ years, or $396,000$ unlts of product, with a $$7,000$ salvage value.

During its second year, the machine produces $33,600$ unlts of product.

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

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