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You purchase equipment for $126,841. This cost will be depreciated straight-line to zero over the projects 10-year life. Based on past information, you believe that

You purchase equipment for $126,841. This cost will be depreciated straight-line to zero over the projects 10-year life. Based on past information, you believe that you can sell the equipment for 19,694 when you are done with it in 10 years. The companys marginal tax rate is 21%.

Calculate the amount of depreciation per year.

Round your answer to 2 decimal places (e.g. 125.74632 = 125.75).

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