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What is the yearly depreciation expense

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Reference no: EM133002949

Problem 1: A company is considering purchasing a piece of equipment that costs $5 million. The company will further incur a cost of $50,000 to deliver and install the equipment. If the equipment has a 10 year useful life and the company uses straight-line depreciation, then what is the yearly depreciation expense?

Reference no: EM133002949

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