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Saudi Aramco purchased machinery for its oil refinery operations at a cost of SAR 10,000,000. The estimated salvage value is SAR 1,000,000, and the machinery

Saudi Aramco purchased machinery for its oil refinery operations at a cost of SAR 10,000,000. The estimated salvage value is SAR 1,000,000, and the machinery has a useful life of 5 years. Calculate the annual depreciation expense using the straight-line method.

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