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 $84,600. the machine's useful life is estimated at 20 years, or 393,000 units of product, with a $6,000 salvage value. during its second year, the machine produces 33,300 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.

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?