Hello, I need help with the following question(s): Exam3 xC Chegg Study Guided S

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Hello, I need help with the following question(s):

Exam3 xC Chegg Study Guided Sol X ? ? ??Secure l https://newconnect.mheducation.com/flow/connect.html Exam 3 Saved Help Save & Exit Submit Use the tollowing information for the Exercises below. 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 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. pcinis Exercise 8-4 Straight-line depreciation LO P1 01:41:36 Determine the machine's second-yer depreclation and year end book value under the stralght-line method. Straight Line Depreciation Annual Depreciation Choose Numerator:C Choose Denominator: Depreciation expense Year 2 Depreciation Year end book value (Year Mc Graw

Explanation / Answer

Straight line depreciation :

Choose numerator / Choose denominator = Annual depreciation expense Depreciable cost / Useful life = Depreciation expense (85400-5000) / 20 = 4020 Year 2 Deprecaition 4020 Year end book value (year 2) 77360

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