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Using excel formulas!!! A.1 fx Accessibility tab summary: Students please use the information below to complete tl 14 B A piece of newly purchased industrial

Using excel formulas!!!image text in transcribed

A.1 fx Accessibility tab summary: Students please use the information below to complete tl 14 B A piece of newly purchased industrial equipment costs $1.475 million and is classified as seven-year for this equipment. \begin{tabular}{l|l} 2 & for this equip \\ 3 & \\ 4 & input area: \\ \hline 5 & \end{tabular} \begin{tabular}{|c|lr|} \hline 5 & & \\ \hline 6 & Asset cost & $1,475,000 \\ \hline 7 & Year 1 MACRS percentage & 0.1429 \\ \hline 8 & Year 2 MACRS percentage & 0.2449 \\ \hline 9 & Year 3 MACRS percentage & 0.1749 \\ \hline 10 & Year 4 MACRS percentage & 0.1249 \\ \hline 11 & Year 5 MACRS percentage & 0.0893 \\ 12 & Year 6 MACRS percentage & 0.0892 \\ \hline 13 & Year 7 MACRS percentage & 0.0893 \\ \hline 14 & Year 8 MACRS percentage & 0.0446 \\ \hline 15 & \multicolumn{2}{|c|}{} \\ \hline 16 & (Use cells A6 to B14 from the given information to complete this question.) \\ \hline \end{tabular} Output area

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