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XYZ Company is considering a project that requires a new equipment. The new machine will cost the firm S220,000. In order to have the machine

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XYZ Company is considering a project that requires a new equipment. The new machine will cost the firm S220,000. In order to have the machine in working condition, XYZ will spend S7,000 in installation and $3,000 in shipping. Since it will produce more, a S10,000 investment in net working capital is required. The new machine will be depreciated over the simplified straight-line depreciation method. The life of the asset is 5 years. What is the depreciation expense of this project in Year 2? Round to the nearest penny. Do not include a dollar sign in your

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