Check my work mode : This shows what is correct or incorrect for the work you ha

Question

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completic Required information The following information applies to the questions displayed belowj 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 Determine the machine's second-year depreciation and year end book value under the straight-line method Answer is Annual Depreciation Choose Nu tion 40,500 33,500 34,500

Explanation / Answer

Choose Numerator Choose Denominator Annual depreciation expense Cost minus Salvage value / Estimated useful life in years = Depreciation expense 40500 10 4050 Second year depreciation = $4050 Year end book value = 47500-2*4050 = $39,400

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