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Aysan Company purchased a new machine for $900,000. The machine will have a $6,000 salvage value at the end of its 7-year useful service life.

Aysan Company purchased a new machine for $900,000. The machine will have a $6,000

salvage value at the end of its 7-year useful service life. The straight-line method of depreciation will be used. Prepare a depreciation schedule, which shows the annual depreciation expense on the machine for its 7-year life.

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