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Determine the machine second-year depreciation

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Question - 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.

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

Reference no: EM133035227

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