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Berkshire Hathaway Inc. purchased new machinery for $5,000,000 with an estimated useful life of 10 years and a salvage value of $500,000. Calculate the annual

Berkshire Hathaway Inc. purchased new machinery for $5,000,000 with an estimated useful life of 10 years and a salvage value of $500,000. Calculate the annual depreciation expense using the straight-line method.

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