Daily Enterprises is purchasing a

$10.3

million machine. It will cost

$49,000

to transport and install the machine. The machine has a depreciable life of five years and will have no salvage value. If Daily uses straight-line depreciation, what are the depreciation expenses associated with this machine?

Question content area bottom

Part 1

The yearly depreciation expenses are

$enter your response here.

(Round to the nearest dollar.)