Question: I am having issues figuring out how the depreciation was determined on problem 1 on the Franklin Lumber Case 21: Capital Budgeting Precedures, Cases in

I am having issues figuring out how the depreciation was determined on problem 1 on the Franklin Lumber Case 21: Capital Budgeting Precedures, Cases in Financial management.

Dakota Machine - Cost 1,300,000 (Straight line depreciation over 7 years)

Residual Value at Year 7 =$390,000

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