costel8121 costel8121
  • 11-03-2024
  • Business
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A multispecialty group practice is purchasing a new piece of laboratory equipment. If the equipment has a purchase price of 55,000 and a salvage value of 5,000 after 6 years, what is the annual depreciation of the equipment?
a) 10,000
b) 9,167
c) 8,333
d) 7,500

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