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Ford Motor Company purchases a new factory for $10,000,000. The factory has a useful life of 25 years and a residual value of $1,000,000. Determine

·Ford Motor Company purchases a new factory for $10,000,000. The factory has a useful life of 25 years and a residual value of $1,000,000. Determine the annual depreciation expense using the straight-line method.

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