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The Vogons are evaluating a new planet demolition machine that costs $24.6 million. The machine falls in a 7-year property class with a rate of
The Vogons are evaluating a new planet demolition machine that costs $24.6 million. The machine falls in a 7-year property class with a rate of 14.29% in the first year. What is the MACRS annual depreciation expense in the first year? Answer in millions of dollars rounded to two decimal places.
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