You have been hired by a new start-up company that will manufacture high tech electronic devices. The company will need to purchase high-cost factory equipment in order to manufacture their products. The owner does not understand how federal taxation will impact his acquisition, depreciation, and disposal of such capital assets. Write a 350- to 700-word Executive Summary. Describe the federal income tax impact involved in acquiring, depreciating, and disposing of such high-cost and long-life assets. Provide strategies as to minimizing taxes over the first five years of operation. No specific law to focus on.