Question: The Vogons are evaluating a new planet demolition machine that costs $23.8 million. The machine falls in a 15-year property class with a rate of

The Vogons are evaluating a new planet demolition machine that costs

The Vogons are evaluating a new planet demolition machine that costs $23.8 million. The machine falls in a 15-year property class with a rate of 5.00% in the first year. What is the MACRS annual depreciation expense in the first year? The annual depreciation expense in the first year is $ million. (Round to four decimal places.)

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