Question 20 of 20 < Current Attempt in Progress -15 The Culver Clinic purchased a new surgical laser for $89,000. The estimated salvage value is $5,400. The laser has a useful life of five years and the clinic expects to use it 11,000 hours. It was used 1,800 hours in year 1; 2,400 hours in year 2; 2,600 hours in year 3; 2,000 hours in year 4; 2,200 hours in year 5.