A resurfaced floor costs $5000 and will last 2 years. If money is worth 10 percent...

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A resurfaced floor costs $5000 and will last 2 years. If money is worth 10 percent after taxes, how long must a new floor costing $19,000 last to be economically justified? The tax rate is 52 percent. For tax purposes a new floor can be written off in 1 year. Use sum of-the-years-digits depreciation. Use the capitalized cost method for your analysis. A resurfaced floor costs $5000 and will last 2 years. If money is worth 10 percent after taxes, how long must a new floor costing $19,000 last to be economically justified? The tax rate is 52 percent. For tax purposes a new floor can be written off in 1 year. Use sum of-the-years-digits depreciation. Use the capitalized cost method for your analysis.