Your company purchases two machines, which cost $9,000 and $5,000, respectively. They have linear straight-line depreciation schedules
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Question:
Your company purchases two machines, which cost $9,000 and $5,000, respectively. They have linear straight-line depreciation schedules of 6 and 5 years, respectively. What is the present value of the depreciation, given a cost of capital of 7.6%? Note: Report answer to 4 decimal places and no rounding.
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