Daily Enterprises is purchasing a $10.3 million machine. It will cost $54,000 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? Review Only i Click the icon to see the Worked Solution (Formula Solution). The yearly depreciation expenses are $ 2,070,800. (Round to the nearest dollar.)