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A granary purchases a conveyor used in the manufacture of grain for transporting, filling, or emptying. The conveyor is considered MACRS-GDS 10-year property (remember the

A granary purchases a conveyor used in the manufacture of grain for transporting, filling, or emptying. The conveyor is considered MACRS-GDS 10-year property (remember the half-year convention). It is purchased and installed for $70,000 with a market value for salvage purposes that decreases at a rate of 20 percent per year with a minimum of $3,000. Operation and maintenance is expected to cost $14,000 in the first year, increasing by $1,000 per year thereafter. The granary is in the 40 percent tax bracket, and their after-tax MARR is 9 percent.Determine the ATCF series when the service life of the granary is 5 years.

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