Excel Problem*

REQUIRED Download the spreadsheet for problem 14.9 from the website for this textbook. Write formulas to calculate the total depreciation expense and to display the correct values in the following three columns: Age, Depreciation Rate, and Depreciation Expense.

(Hint: You will need to use the VLOOKUP and MATCH functions to do this. You may also want to read the article “Double-Teaming in Excel,” by Judith K. Welch, Lois S.

Mahoney, and Daniel R. Brickner, in the November 2005 issue of the Journal of Accountancy, from which this problem was adapted.)