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Solved: How Do I Get The Year End Book Value? (year 2)I Have Everytbing Else.

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How do i get the year end book value? (year 2)
I have everytbing else.

requirea iNTormauon Use the following information for the Exercises below. The following information applies to the questions


requirea iNTormauon 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 $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. Exercise 10-4 Straight-line depreciation LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method. Answer is complete but not entirely correct. Straight-Line Depreciation Annual Depreciation Expense Depreciation expense Choose Numerator: Choose Denominator: Estimated useful life (years) Cost minus salvage 20 S 4,020 80,400 Year 2 Depreciation Year end book value (Year 21 4.020 81,380

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Answer-------$77,360 Ending book value is cost minus accumulated depreciation. Cost is $85400 and accumulated depreciation is $4020 The e

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