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Daily Enterprises is purchasing a $10.5 million machine. It will cost $47,000 to transport and install the machine. The machine has a depreciable life of

Daily Enterprises is purchasing a $10.5 million machine. It will cost $47,000 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?

The yearly depreciation expenses are _____________. (Round to the nearest dollar)

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