1. Prepare depreciation schedules using Straight-Line, Units-of-Production, and Double-Declining Balance Depreciation. All answers must be entered as a formula. Click OK to begin. OK Finance Depreciation Schedules- Excel Sign In HOME |INSERT PAGE LAYOUT FORMULAS DATA REVEW VEw lignment Number Conditional Formatas Cell Cells Editing Formatting" Table" Styles" Font Clipboard | | sullivan Ranch Corporation has purchased a new tractor. The following A1 v l s l Fullivan Ranch Corporatiorn has purchased a new tractor. The following information is given: S 150,000 S 10,000 4 1200 3 Cost: 4 stimated Residual: Estimated Life in years: stimated Life in hours: actual Hours: Year 1 Year 2 360 270 350 220 o Year 3 Year4 Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION (tx) to calculate the 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-Straight Line Method End of year amounts Depreciation Expense Accumulated Depreciation Year Book Value Sheeti B 1 u'IB-a'. | Aligrment! Number| Conditional Format as al | Cells | Editing Paste f Clipboard A1 Formatting Table Styles -| 1 x | | sullivan Ranch Corporation has purchased a new tractor. The following v , Prepare the following Straight line depreciation schedule by using the excel SIN FUNCTION (fx) to calculate the Depreciation Expense for Years 1-4 in the Depre ciation Expense column. Enter formulas or absolute cell references for the remaining cells 14 15 16 17 18 N RANCH CORPORATION Depreciation Schedule-Straight Line Method End of year amounts Depreciation Expense Accumulated ation Year Book Value 21 2 23 Total 5 Prepare the following Units-of-Production depreciation schedule by entering formulas 26 Use absolute cell references when appropriate SULLVANRANCH CORPORATION Depreciation Schedule-Units-of-Production Method End of year amounts Depreciation Expense Accumulated Depreciation Year Book Value Sheetl . tempt(s)