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A machine costing $68,757 with a 7-year life and $62,935 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight-line depreciation. Round

A machine costing $68,757 with a 7-year life and $62,935 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight-line depreciation. Round your answer to the nearest whole dollar. per year

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