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The XYZ Block Company purchased a new office computer and other depreciable computer hardware for $12,000. During the third year, the computer is declared obsolete

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The XYZ Block Company purchased a new office computer and other depreciable computer hardware for $12,000. During the third year, the computer is declared obsolete and is donated to the local community college. Using an interest rate of 10%, calculate the Present Worth of the depreciation deductions. Assume that no salvage value was initially declared and that the machine was expected to last 5 years. Round to nearest dollar. Use 100% BONUS DEPRECATION to calculate depreciation schedule

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