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A company is considering purchasing a piece of equipment that costs $5 million. The company will further incur a cost of $50,000 to deliver and

A company is considering purchasing a piece of equipment that costs $5 million.  The company will further incur a cost of $50,000 to deliver and install the equipment. If the equipment has a 10 year useful life and the company uses straight-line depreciation, then what is the yearly depreciation expense?

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