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In anticipation of Digby Corporation's new product, Dash, the company purchased new plant and equipment for $27,360,000. The plant and equipment is expected to be
In anticipation of Digby Corporation's new product, Dash, the company purchased new plant and equipment for $27,360,000. The plant and equipment is expected to be used for 15 years and has a planned salvage value of $0. Assuming straight-line depreciation, how much will Digby expense in depreciation next year (and only next year) for the new equipment? (NOTE: Enter your answer as a whole number with NO $, NO commas and NO period. For example, $2,734,985.75 would be entered as2734986)
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