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A set of office furniture can be purchased and installed for $8,000. It is in the ten-year ADS property class and is expected to be
A set of office furniture can be purchased and installed for $8,000. It is in the ten-year ADS property class and is expected to be kept in service for eight years. It is believed that $600 can be obtained when the furniture is disposed of at the end of year eight. The net annual value added (i.e., revenues less expenses) that can be attributed to the furniture is constant over eight years and amounts to $1,000. An effective income tax rate of 25% is used by the company. 1) What is the depreciation in year 8? Please only fill in the number of your calculated result in the blank, e.g., if the result is $100, fill in "100"; also round to the nearest integer. What is the ATCF for this machine in year 4? What is the book value (BV8) of the assesst in year 8? What is the ATCF for this machine in year 8
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