Item$30$ Item Skipped eBookItem $30$ Bevan Co$.$ is considering investing in an equipment to implement a cost$-$cutting proposal. The pre$-$tax cost reduction is expected to equal $$5,000$ for each of the four years of the project's life. The equipment has an initial cost of $$18,500$ and will be depreciated to a book value of zero over its $4-$year life. Bevan Co$.$ has a tax rate of $30\%.$ What is the value of the depreciation tax shield for year $2$ of the project? Multiple Choice $$799$ $$999$ $$1,013$ $$1,388$ $$1,566$