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On January 1, 2022, Aiden Inc. acquired a machine at a cost of $1,200,000. The machine had an estimated useful life of 20 years and

On January 1, 2022, Aiden Inc. acquired a machine at a cost of $1,200,000. The machine had an estimated useful life of 20 years and an estimated salvage value of 200,000. Aiden uses straight line depreciation. On the income statement for the year ended 12/31/2022 (first year) what is the depreciation expense?

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