Can you please check my work Required informationUse the following 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$45,900. The machine's useful life is estimated at 10 years, or 399,000 units of product, with a $6,000 salvage value.During its second year, the machine produces 33,900 units of product.Exercise 8-5 Units-of-production depreciation LO P1Determine the machine's second-year depreciation using the units-of-production method.Units-of-production DepreciationChoose Numerator:Choose Denominator:Annual Depreciation Expense%3DBeginning book valueITotal units of productionDepreciation expense per unit%3D%246,000 /102$600.00%3DYear Annual Production (units)Depreciation ExpenseII2.

Name: Can you please check my work Required informationUse the following inf
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Description: Can you please check my work Required informationUse the following information for the Exercises below.[The following information applies to the questions displayed below.]Ramirez Company installs a computerized manufacturing machine in its factory a

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Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter10: Long-lived Tangible And Intangible Assets

Section: Chapter Questions

Problem 29P

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Can you please check my work

Required information
Use the following 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
$45,900. The machine's useful life is estimated at 10 years, or 399,000 units of product, with a $6,000 salvage value.
During its second year, the machine produces 33,900 units of product.
Exercise 8-5 Units-of-production depreciation LO P1
Determine the machine's second-year depreciation using the units-of-production method.
Units-of-production Depreciation
Choose Numerator:
Choose Denominator:
Annual Depreciation Expense
%3D
Beginning book value
ITotal units of production
Depreciation expense per unit
%3D
%24
6,000 /
10
2$
600.00
%3D
Year Annual Production (units)
Depreciation Expense
II
2.

Expert Solution

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Depreciation is a reduction in the value of assets due to the usage of that asset. We can evaluate the depreciation expense with the help of the double decline method, straight-line method, production method, etc.

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