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A brand new machine is purchased at the beginning of the year for $ 6 0 0 , 0 0 0 . Its useful life

A brand new machine is purchased at the beginning of the year for $600,000. Its useful life is estimated at 5 years with a salvage value estimated at $66,000. Using the straight line method, how much depreciation will be charged to the Income Statement on an annual basis?
$89,000
$106,800
$98,667
$86,667
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