Problem
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $ 45,700. The machine's useful life is estimated at 10 years, or 397,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,700 units of product.
Determine the machine's second-year depreciation using the double-declining-balance method.