On April 30​, 2023​, Foley Distribution Service purchased a copy machine for $53,400. Foley Distribution Service expects the machine to last for six years and to have a residual value of $3,000. Compute depreciation expense on the machine for the year ended December​ 31, 2023​, using the​ straight-line method.   Begin by selecting the formula to calculate the​ company's depreciation expense on the machine for the year ended December​ 31, 2023. Then enter the amounts and calculate the depreciation expense. ​(Abbreviation used: Acc.​ = accumulated. Do not round intermediary calculations. Only round the amount you input for​ straight-line depreciation to the nearest​ dollar.

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A: Please see the next step for the solution

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A: Following is the answer to the given question