Question

​ Daily Enterprises is purchasing a $ 9.9$9.9 million machine. It will cost $ 53 comma...

Daily Enterprises is purchasing a

$ 9.9$9.9

million machine. It will cost

$ 53 comma 000$53,000

to transport and install the machine. The machine has a depreciable life of five years and will have no salvage value. If Daily uses​ straight-line depreciation, what are the depreciation expenses associated with this​ machine?

The yearly depreciation expenses are

​$nothing.

​(Round to the nearest​ dollar.)

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Answer #1

Depreciation expenses =(purchase cost+transport cost)/number of years

Depreciation expenses =(9900000+53000)/5

Depreciation expenses =1990600

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