Check my w Required information The following information applies to the questio

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Check my w 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 $84200. 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 double-declining-balance method Double-declining-balance Depreciation Choose Factors: Choose Factor%) Annual Depreciation | Depreciation expense First years depreciation Second years depreciation

Explanation / Answer

the followinng is the required table:

explanation:

double declining rate = 2 / number of years *100

=>2 /20 *100 =>10%

first year depreciation =$84,200 * 10% =>$8420

second year beginning balance = $84,200 - 8420 =>$75,780

second year depreciation = $75,780 *10%

=>$7,578.

choose factor choose factor Annual depreciation expense beginning book value X double the straight line rate = deprecition expense First year depreciation $84,200 x 10% = $8,420 second year depreciation $75,780 X 10% = $7,578

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