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Corporation ABC is purchasing a $13 million machine. It will cost $12,000 to transport and install the machine. The machine has a depreciable life of

Corporation ABC is purchasing a $13 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 ABC uses straight-line depreciation, what are the depreciation expenses associated with this machine. Please provide the numeric answer to 2 decimal places.

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