Check my work Required information The following information applies to the ques

Question

Check my work Required information 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 $84,200. The machine's useful life is estimated at 20 years, or 391,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,100 units of product. Determine the machine's second-year depreciation using the units-of-production method uction Depreciation Annual Depreciation Expense Depreciation expense per unit Choose Numerator Choose Denominator: Year Annual Production (units) Depreciation Expense

Explanation / Answer

(Cost-Salvage)/ Total units of product= Depreciation expense per unit (84200-6000)/ 391000= $0.2 Year Annual production(units) Depreciation expense 2 33100 $6620(33100*0.2)

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