Your firm has made an investment in THOR, a new Inventory Management System. The cost for the license, software, and needed hardware is $64,000$ Euros. The estimated life of this investment is $4$ years. After that point it is assumed you will need to re$-$invest. You are trying to decide whether to capitalize this expenditure or treat it as an operating expense. Suppose you decide to capitalize the cost of THOR over the expected life of $4$ years using straight line depreciation.