quigley, inc. purchased a machine 5 years ago for $1,300,000. the machine is being depreciated on a straight-line basis to a salvage value of $250,000 over its estimated useful life of 15 years. what is the annual depreciation expense on this machine?

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07-10-2022
Business

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quigley, inc. purchased a machine 5 years ago for $1,300,000. the machine is being depreciated on a straight-line basis to a salvage value of $250,000 over its estimated useful life of 15 years. what is the annual depreciation expense on this machine?

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