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Blue Fly Industries, a clothing mail-order retailer, purchased a new industrial sewing machine for $52,000. This machine is expected to operate for 5 years after

Blue Fly Industries, a clothing mail-order retailer, purchased a new industrial sewing machine for $52,000. This machine is expected to operate for 5 years after which it will be sold for salvage value estimated to be $3,000. What is the yearly depreciation expense under the straight-line method?


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