Create an Excel workbook containing two depreciation schedule templates, each on a separate spreadsheet. One template should be a SL depreciation schedule and the other template should be a DDB depreciation schedule. You should construct the spreadsheets using the formulas and cell referencing so that when the value of input variables are altered the calculations which automatically adjust. The spreadsheet columns should include depreciation expense, accumulated depreciation, and book value end of year (see textbook 575-576 for examples). Please note, you can not depreciate assets below any salvage value, therefore you will need to use IF function (see IF function guidance below). You must construct the worksheet with the appropriate numeric format and professional layout. Round number values to the nearest whole dollar. The fixed variables for the assignment are as follows:

Life of asset = 10 years

Depreciation methods = straight-line or double-declining balance method

Purchase date of asset = January 1, 2018