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A firm's capital budgeting project requires equipment that costs $80,705 and will be depreciated on a straight-line basis (equal annual amounts) over 6 years to
A firm's capital budgeting project requires equipment that costs $80,705 and will be depreciated on a straight-line basis (equal annual amounts) over 6 years to a $17,258 book value. What is the depreciation each year over the machine's 6 year life? Answer to the nearest dollar.
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