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(###8)No chat gpt answers & don't copy from chegg or else I'll give 5 downvotes...

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Accounting

(###8)No chat gpt answers & don't copy from chegg or else I'll give 5 downvotes
ABC Manufacturing purchased a piece of machinery for $50,000.
The machinery has a useful life of 5 years and a salvage value of $5,000.
What is the annual depreciation expense using the straight-line depreciation method?

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