In January 2009, the Status Quo Company was formed. Total assets were $563,000, of which $349,000 consisted of depreciable fixed assets. Status Quo uses straight-line depreciation of $34,900 per year, and in 2009 it estimated its fixed assets to have useful lives of 10 years. Aftertax income has been $63,000 per year each of the last 10 years. Other assets have not changed since 2009.