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Corporation A is purchasing a $12 million machine. It will cost $12,000 to transport and install the machine. The machine has a depreciable life of

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Corporation A is purchasing a $12 million machine. It will cost $12,000 to transport and install the machine. The machine has a depreciable life of seven years and will have no salvage value. Assume that CCA deductions are the same as depreciation expenses. If the marginal tax rate is 35% and Corporation A uses straight-line depreciation, what are the depreciation expenses associated to this machine? (Please provide the numeric answer to the nearest dollar.)

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