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.

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.