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An aircraft costs $3.0 million to purchase. Assuming a 10-year amortization, what is the quarterly depreciation expense for the aircraft? $300,000 $150,000 $75,000 $50,000

An aircraft costs $3.0 million to purchase. Assuming a 10-year amortization, what is the quarterly depreciation expense for the aircraft?

$300,000
$150,000
$75,000
$50,000

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