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Secure https://newconnect.mheducation cor ow connect.html? seg true return r=https%3A%2F%2Feonnectnheducation com 21 pa m thrinde htm 23 62Fregistration CHAPTER 8 HOMEWORK Help 3 Required informatiorn The folowing information applies to the questions displayed belowJ Part 1 of 3 Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $85,400. The machine's useful life is estimated at 20 years, or 402,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,200 units of product. 10 eBook Hint Print Determine the machine's second-year depreclation and year end book value under the stralght line method. Annual De Choose Numerator:Choose Denominator t minus salvage stimated usetul lite (years) ar 2 De end bouk value (Yea 8 9

Explanation / Answer

Cost of machine                                   85,400 Less; Salvage value                                     5,000 Net Depreciable amount                                   80,400 Useful life 20 years Useful Life - no. of units                                402,000 Depreciaiton, on SLM (Straight Line Method) based on number of units 0.20 Net depreciable amount divided by useful life in no. of units NUMERATOR DENOMINATOR ANNUAL DEPRECIATION 80400 402000 0.20 per unit (Cost minus salvage) (Useful life - in no. of units Depreciation for year 2 6840 Multiplied 34200 units by 0.20

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