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CAL Page TUI IU Question 1 (1 point) Genetic Insights Co. purchases an asset for $14,057. This asset qualifies as a seven- ye
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Answer #1

Accumulated Deprecation = Assets*( D1 + D2 + D3 + D4 + D5 + D6)

( D = depreciation)

= $14,057 *( 14.29% + 24.49% + 17.49% + 12.49% + 8.93% + 8.93%

= $14,057 * (0.8662)

= $12,176.1734

Accumulated Depreciation = $ 12,176.17

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