eISBN 9781337272261&id=181267456&snapshotld=509172& a Amazon.com - Poly... a Amazon.com: Indus... Fixed and Intangible ONS LY TU-01 Cases & Projects CP 10-1 Ethics in Action NFL Team Graphi... a Amazon.com: QD-... N Netflix 1. Hard Bodies Co. is a fitness chain that has just completed its second year of operations. At the beginning of its first fiscal year, the company purchased fitness equipment at a cost of $600,000 and estimated that the equipment would have a useful life of five years and no residual value. The company uses the straight-line depreciation method. The company reported net income for the first two years of operations as follows: STEP Year 1 2 A Mike Gambit, the company's chief financial officer (CFO), has recently run financial models to predict future net income, and he expects net losses to continue at $(2,000) per year for the next three years. James Steed, the president of Hard Bodies, is concerned about these predictions, as he is under pressure from the company's owner to return the co