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A E F B D 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 3 Cost: $ 150,000 4

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A E F B D 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 3 Cost: $ 150,000 4 Estimated Residual: $ 10,000 Estimated Life in years: 4 6 Estimated Life in hours: 1200 7 Actual Hours: 8 Year 1 360 9 Year 2 270 10 Year 3 350 11 Year 4 220 12 Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION (fx) to calculate the 13 Depreciation Expense for Years 1-4 in the Depreciation Expense column. Enter formulas or absolute cell reference for the remaining cells. Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION (fx) 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. 14 15 16 17 18 SULLIVAN RANCH CORPORATION Depreciation Schedule Straight Line Method End of year amounts Depreciation Accumulated Expense Depreciation 19 Year Book Value 20 21 22 23 24 1 2 3 4 Total 27 25 Prepare the following Units-of-Production depreciation schedule by entering formulas. 26 Use absolute cell references when appropriate. SULLIVAN RANCH CORPORATION 28 Depreciation Schedule-Units-of-Production Method 29 End of year amounts 30 Year Depreciation Accumulated Book Value Expense Depreciation 31 1 32 2 33 3 34 4 35 Total 37 Prepare the following Double-Declining-Balance depreciation schedule by using the Excel DDB FUNCTION (Ex) to calculate Depreciation Expense for Years 1-4 in the Depreciation Expense column. Enter formulas or absolute cell references for the remaining cells. 38 39 40 41 # 13 SULLIVAN RANCH CORPORATION Depreciation Schedule-Double-Declining-Balance Method End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 2 3 4 Total 4 5 6 7 3

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