ALL solutions must be entered as a formula

1. Prepare depreciation schedules using Straight-Line, Activity Based, and Double-Declining Balance Depreciation. XU5 ? - Finance Depreciation Schedules - Excel FORMULAS DATA REVIEW FILE HOME INSERT PAGE LAYOUT VIEW Sign In Calibri 11 | A A Paste B I U % Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing Clipboard Font A1 A F Sullivan Ranch Corporation has purchased a new tractor. The following B D E 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 3 Cost: $ 150,000 4 Estimated Residual: $ 10,000 5 Estimated Life in years: 4 6 Estimated Life in hours: 1200 7 Actual Hours: 8 Year 1 360 Year 2 270 10 Year 3 350 11 Year 4 220 12 9 Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION (fx) 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 Accumulated Expense Depreciation Year Book Value 1 2 3 B E F 3 4 Total Prepare the following Units-of-Production depreciation schedule by entering formulas. Use absolute cell references when appropriate. SULLIVAN RANCH CORPORATION Depreciation Schedule-Units-of-Production Method End of year amounts Depreciation Accumulated Year Book Value Expense Depreciation 1 2 3 Use absolute cell references when appropriate. SULLIVAN RANCH CORPORATION Depreciation Schedule-Units-of-Production Method End of year amounts Depreciation Accumulated Year Book Value Expense Depreciation 1 2 3 4 Total Prenare the following Double-Declining-Balance depreciation schedule by using the Excel DDB FUNCTION (fr) to