Answer by entering formulas.

E20 1 Montana Ranch Corporation has purchased a new tractor. The following Information relates to this our 150000 10000 1200 3 Cost: 4 Estimated (Salvage) Residual value: 5 Estimated Ufe in Years: 6 Estimated ufe 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 SLN FUNCTION to calculate the depreciation expense for years 1 though 4 in the Depreciation Expense column. Enter formulas or absolute cell references in the remaining cells. Book Value MONTANA RANCH CORPORATION Depreciation Schedule-Straight Une Method End of year amounts Year Depreciation Accumulated Expense Depreciation $35.000.00 Correct $35,000.00 Correct $35.000.00 Correct $35,000.00 Correct Try again Prepare the following Units of Production Depreciation Schedule by entering formulas: Try again Try again Try again Try again Try again Try again Try again Try again Total MONTANA RANCH CORPORATION Depreciation Schedule-Units-of-Production Method End of year amounts Depreciation Accumulated Expense Depreciation Try again Year Book Value Try again Prob 4 Prepare the following Units of Production Depreciation Schedule by entering formulas: Book Value MONTANA RANCH CORPORATION Depreciation Schedule Units-of-Production Method End of year amounts Year 1 Depreciation Accumulated Depreciation Try again Try again Try again Try again Try again Try again Try again Try again Try again Try again Try again Try again Try again Prepare the following Double-Declining-Balance depreciation schedule by using the Excel DDB FUNCTION to calculate depreciation expense for years 1 through 4 in the Depreciation Expense column. Enter formulas or absolute cell references for the remaining cells. Hint: the factor is the year for which you are are calculating deprecation. Book Valu MONTANA RANCH CORPORATION Depreciation Schedule-Double-Declining Balance Method End of year amounts Year Depreciation Accumulated Expense Depreciation Try again Try again Try again Try again Try again Try again Try again Try again Try again Try again Try again Try again Try again Score Percentage 3.08 In order to receive full credit your 10% answers must be cell references or formulas! Do not enter numbers. Prob 4