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You are purchasing a new machine that costs $20 million, and that has a 5 year expected life span. After 5 years, the estimated salvage
You are purchasing a new machine that costs $20 million, and that has a 5 year expected life span. After 5 years, the estimated salvage value is $3 million. What is the yearly straight-line depreciation? (answer in MILLION dollars, but without the dollar sign, e.g. "0.42" is $0.42 million)
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