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McCanless Company recently purchased an asset for $1.22 million that will be used in a 3-year project. The asset will be depreciated using straight-line depreciation

McCanless Company recently purchased an asset for $1.22 million that will be used in a 3-year project. The asset will be depreciated using straight-line depreciation toward a zero salvage value over the next five years. The amount of depreciation in Year 2 is $___ million.

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