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A machine costing $69,966 with a 6-year life and $66,183 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight-line depreciation.

A machine costing $69,966 with a 6-year life and $66,183 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight-line depreciation. R your answer to the nearest whole dollar. per year

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