11-25 The XYZ Block Company purchased a new office computer and other depreciable computer hardware for $4800. During the third year, the computer is declared obsolete and is donated to the local comrnu- nity college. Using an interest rate of 15%, calculate the PW of the depreciation deductions. Assume that no salvage value was initially declared and that the machine was expected to last 5 years.

XYZ Company

The PW (Present Worth) of depreciation deductions is $1,560.96

Explanation:

a) Data and Calculations:

Cost of Equipment = $4,800

Equipment's useful life = 5 years

Interest rate = 15%

Depreciation expense per year = $4,800/5 = $960

The asset was depreciated for two years, with Accumulated Depreciation totaling $1,920 (depreciation deductions).

Discounting $960 for two years, the present worth (present value) of the deductions = annual depreciation expense multiplied by present value annuity factor

=$960 * 1.626

= $1,560.96

b) The asset would have been depreciated for 5 years, but was declared obsolete during the third year.  This means that it was only in use for 2 years.  Therefore, in calculating the PW of the depreciation deductions, the annual depreciation expense of $960 is discounted to its present value using a present value annuity factor.

idk the answer so dont listen to me but 23

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.