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6.- A distillation tower in a chemical manufacturing site has a useful life, Initial cost and Residual Value as follows: Useful life 9 years Initial

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6.- A distillation tower in a chemical manufacturing site has a useful life, Initial cost and Residual Value as follows: Useful life 9 years Initial cost = $ 7,980,000 Residual value = $ 580,000 If a straight line depreciation method is used, What is the annual depreciation cost

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