address 234 Congress Street Boston, MA 02110 22 Blake Street Medford MA 02155 ................................. ph 617.542.1902 fax 617.542.2741 ................................. email info@peabodyoffice.com website www.peabodyoffice.com               If your company is considering an office furniture system purchase, buy a new system by year’s end to take full advantage of expiring tax laws that allow for generous depreciable tax savings. The numbers are impossible to ignore: If your company spends $100,000 on a new furniture system during 2004, your first-year regular depreciation combined with the bonus depreciation of $50,000 would come to $57,145. If you spent the same amount on an old system, your first-year regular depreciation would be $14,290. Over the life of the useful asset, total depreciation will be the same. But because of the time value of money, your accelerated deduction in this example is worth in excess of $10,500, or 10.5 percent of the furniture price. Your company would need to purchase a used system at a substantial discount over a new system in order to make purchasing a used system cost effective. Careful planning of the cost and timing of a new furniture purchase can result in considerable tax savings. Purchasing a used or refurbished furniture system over a new system based on nothing more than the possible lower immediate cost can be a very expensive decision over the long run. And if you’re in the market, now is the time to act because the laws that allow for the depreciation are ending by year’s end. Peabody Office Furniture will help you with your office furniture purchase. Peabody Office Furniture is New England’s leading full-service furniture distributor and management company. The firm provides account management, project management, design services and warehouse services for leading area companies. Peabody Office Furniture also offers a rental program that provides companies with a wide choice of quality products and design solutions to meet practically any budget. For more information, call Mark Anderson at (617) 531-7267, or visit www.PeabodyOffice.com.