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Daily Enterprises is purchasing a $ 9 . 9 million machine. It will cost $ 4 8 , 0 0 0 to transport and install

Daily Enterprises is purchasing a $9.9 million machine. It will cost $48,000 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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