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A machine was on purchased on September 30th for $500,000 with a residual value of $45,000. The company estimates that the machine will last 7

A machine was on purchased on September 30th for $500,000 with a residual value of $45,000. The company estimates that the machine will last 7 years and produce 2,000,000 parts over its life.

Calculate depreciation expense using the Straight-Line method for the 7-year life.

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