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What is the major purpose of depreciation, and describe at least two ways in which assets can be depreciated. If the ABC Medical group purchased

What is the major purpose of depreciation, and describe at least two ways in which assets can be depreciated. If the ABC Medical group purchased a machine that cost $28,000 and had an estimated useful life of 7 years and an estimated salvage value of $7,000 on January 1, 2016, what would the book value of the asset be at the end of 2017 under the two types of depreciation you described above?

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