Required information The following information applies to the questions displaye

Question

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 $47000. The machine's useful life is estimated at 10 years, or 390,000 units of product, with a $8,000 salvage value. During its second year, the machine produces 33,000 units of product. Determine the machine's second-year depreciation using the units-of-production method Choose Numerator Choose Denominator:Annual Depreciation Expense -Depreciation expense per unit Year Annual Production (units) Depreciation Expense

Explanation / Answer

Units-of-production Depreciation

Choose Numerator: / Choose Denominator: = Annual Depreciation Expense Cost minus salvage / Total units of production = Depreciation expense per unit $39,000 / 390,000 = $0.10 Year Annual Production (units) Depreciation Expense 2 33,000 $3,300

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