Market vs. Tax Depreciation
Market value is what someone would pay for your furniture today. It depends on brand, condition, demand, and aesthetics.
Book value (MACRS) is the IRS depreciation schedule — 7 years for office furniture. It's a tax concept, not what the furniture is worth.
These numbers often diverge significantly. Premium brands may have market value above book value for years 3-6, while budget brands fall below book value almost immediately.