Question: You are purchasing a new machine that costs $15 million, and that has a 9 year expected life span. After 9 years, the estimated salvage

You are purchasing a new machine that costs $15 million, and

You are purchasing a new machine that costs $15 million, and that has a 9 year expected life span. After 9 years, the estimated salvage value is $4 million. What is the annual straight-line depreciation for each of these years? (answer in MILLION dollars, but without the dollar sign, e.g. "0.42" is $0.42 million) Type your

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