1. Prepare depreciation schedules using Straight-Line, Units-of-Production, and Double-Declining Balance Depreciation 7 Sign In OBS. HOME Calibre Paste B I Finance Depreciation Schedules - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW ." AA = A. Alignment Number Conditional Formats Cell Formatting Table Styles Font Styles : fe Cells Editing Clipboard D21 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: $ $ 150,000 10,000 1200 3 Cost: 4 Estimated Residual: Estimated Life in years: 6 Estimated Life in hours: 7 Actual Hours: 8 Year 1 9 Year 2 10 Year 3 11 Year 4 360 270 350 Prepare the following Straight Line depreciation schedule by using the excel SIN FUNCTION (f) to calculate the Depreciation Expense for Years 1-4 in the Depreciation Expense column. Enter formulas or absolute cell references for the remaining cells. Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION(x) to calculate the 13 Depreciation Expense for Years 1-4 in the Depreciation Expense column. Enter formulas or absolute cell references for the remaining cells. Year SULLIVAN RANCH CORPORATION Depreciation Schedule Straight Line Method End of year amounts Depreciation Accumulated Expenie Depreciation 355000S 35 T0X00 35500 33X 35000 Book Value Total 25 Prepare the following Activity-Based depreciation schedule by entering formulas. 26 Use absolute cell references when appropriate. SULLIVAN RANCH CORPORATION Depreciation Schedule-Units-of-Production Method End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation Prepare the following Double-Declining-Balance depreciation schedule by using the Excel DDB FUNCTION (fx) to calculate Depreciation Expense for Years 1-4 in the Depreciation Expense column. Enter formulas or absolute cell references for the remaining cells. SULLIVAN RANCH CORPORATION Depreciation Schedule-Double-Declining-Balance Method End of year amounts Depreciation Accumulated Year Book Value Expense Depreciation