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A machine costing $75,260 with a 8-year life and $69,638depreciable cost was purchased January 1. Compute the yearlydepreciation expense using straight-line depreciation. Round youranswer to

A machine costing $75,260 with a 8-year life and $69,638depreciable cost was purchased January 1. Compute the yearlydepreciation expense using straight-line depreciation. Round youranswer to the ne 2 answers

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