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Daily Enterprises is purchasing a $9.5 million machine. It will cost $53,000 to transport and install the machine. The machine has a depreciable life of

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Daily Enterprises is purchasing a $9.5 million machine. It will cost $53,000 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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