Question: Koren Industries is purchasing a new machine designed to package the vaccines produced in response to COVID-19. The machine will cost $6,000,000 and $40,000 to

Koren Industries is purchasing a new machine designed to package the vaccines produced in response to COVID-19. The machine will cost $6,000,000 and $40,000 to have it delivered and installed. Due to the nature of the virus, additional air filtration systems were required in the building that will house the machine. This cost an additional Koren an additional $2,000,000. The machine is expected to have a working life of five years. If straight-line depreciation is used, what are the yearly depreciation expenses in this case

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