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SafeToday Inc also just purchased an hydraulic press for $10,596. It cost $1,695 to install the press. They expect that the electrical cost next year

SafeToday Inc also just purchased an hydraulic press for $10,596. It cost $1,695 to install the press.

They expect that the electrical cost next year will be $704.

The press is being depreciated straight-line over 7 years to a final book value of $937.

Their tax rate is 33%.

They expect to sell the press for $1,159 five years from today.

What is the book value of the asset after 4 years of depreciation?

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