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11.9 DirectJet purchased an aircraft simulator to train their new pilots for $800,000. The simulator is expected to last for seven years and at the

11.9 DirectJet purchased an aircraft simulator to train their new pilots for $800,000. The simulator is expected to last for seven years and at the end of the seven years have a salvage value of $80,000. Use the Straight Line method of depreciation to calculate the annual depreciation.

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