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12A-16 You recently bought a mini-supercomputer for $10,000 to allow for tracking and analysis of real- time changes in stock and bond prices. Assume you

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12A-16 You recently bought a mini-supercomputer for $10,000 to allow for tracking and analysis of real- time changes in stock and bond prices. Assume you plan on spending half your time tending to the stock market with this computer and the other half as personal use. Also assume you can depre- ciate your computer by 20% per year over 5 years (straight line rate). How much tax savings will you have in each of those 5 years, if any? Use a tax rate of 28%. Contributed by D. P. Loucks, Cornell University FE Accou

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