1. A firm is purchasing a new file server for $680,000, with a 4-year expected life and a salvage value of $50,000. It is expected that the new server will generate an additional $200,000 in revenue each year. The firm will use the straight line method to depreciate the server for financial reporting, but the sum-of-year's digits (SYD) method for tax purposes. How much tax will be payable in year two, assuming a 35 percent tax rate?