7. Calculate the declining balance depreciation amounts as follows: a. In cell C19, enter a formula using the DB function to calculate the declining balance depreciation for the hardware during the first year of operation. b. Use Year 1 (cell C18) as the current period. c. Use absolute references only for the cost, salvage, and life arguments in the DB formula. d. Fill the range D19:H19 with the formula in cell C19 to calculate the annual and cumulative declining balance depreciation in Years 2-6. 8. Hwan also wants to determine the depreciation balance for the first year and the last year of the useful life of the product hardware. Determine these amounts as follows: a. In cell E23, enter a formula using the SYD function to calculate the depreciation balance for the first year. b. Use Year 1 (cell C18) as the current period. c. In cell E24, enter a formula using the SYD function to calculate the depreciation balance for the last year. d. Use Year 6 (cell H18) as the current period. New Product Depreciation Schedule ChargeAll Fult-Room Wireless Charger