A company purchased a machine on January 1 of the current year for $750,000. Calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 20,000 hours, with a salvage value of $75,000). During the machine's 5-year life its hourly usage was: 3,000; 4,000; 5,000; 5,000; and 3,000 hours. 
Definitions:
Non-Member Manager
A manager in a limited liability company (LLC) who is not an owner or member of the LLC.
Personal Liability
the legal responsibility of an individual to settle debts or fulfill obligations from their own assets.
Fraud
An intentional deception made for personal gain or to damage another individual.
Masonry LLC
A limited liability company specializing in the trade of working with bricks, stone, concrete, and other similar construction materials.
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