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, 2009, what would the book value of the asset be at the end of 2010 under the two types of depreciation you described above?

Discuss two requirements of the ACA that have a financial impact on either hospitals or health care systems (please make sure that you write 2-3 sentences on each requirement). Do you believe that the ACA will save the US healthcare system money in the future because of these types of requirements