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A business purchases a machine for 250000. The life of the machine is 10 years, after which it can be salvaged for 10000 in scrap.

A business purchases a machine for 250000. The life of the machine is 10 years, after which it can be salvaged for 10000 in scrap. Using the Simple/Linear Method of Depreciation, by how much will the machine's value depreciate each year?

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