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Gengler Company previously acquired three pieces of equipment for $ 1 , 7 0 0 , 0 0 0 . Equipment # 1 is appraised

Gengler Company previously acquired three pieces of equipment for $1,700,000. Equipment #1 is appraised at $470,000, equipment #2 is appraised at $630,000 and equipment #3 is appraised for $600,000. Equipment #1 has an expected useful life of 10 years, while equipment #2 and #3 each have an expected useful life of 5 years. Assume there is no expected residual value associated with any of the pieces of equipment as each will be completely consumed in the production process during their useful lives. The monthly depreciation expense associated with equipment #3 should be how much?

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