Flavors 'R Us provides flavorings to the food industry. They are purchasing a new emulsifier for $245,000.
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Flavors 'R Us provides flavorings to the food industry. They are purchasing a new emulsifier for $245,000. The company is using a service life of 7 years and a salvage value of $13,000.
What is the annual depreciation expense for this piece of equipment?
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