1. Ellen inc is considering a new project whose data are shown below. The price for required equipment is $75,00. It will also take $5,000 for the equipment to be delivered and installed. The accelerated depreciation rates for such property are 33.33%, 44.45%, 14.81% and 7.41% for years 1 through 4. Revenues and other operating costs are expected to be constant over the projects to 10 year expected operating life. What is the projects depression expense in year 4?
2. $5,928
3. $6,389
4. $5,558
5. $3,701
6. $3,016