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On January 1 , Enco Co . purchases a milling machine for $ 1 5 , 0 0 0 . The machine is expected to

On January 1, Enco Co. purchases a milling machine for $15,000. The machine is expected to last seven years and have a salvage value of $1,000. Assuming the company uses the straight-line method, depreciation expense should be $___ per year.

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