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A machine costing $75,948 with a 4-year life and $70,447 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight-line depredation.

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A machine costing $75,948 with a 4-year life and $70,447 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight-line depredation. Round your answer to the nearest whole dola

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