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Data: Cost: Estimated Salvage value Estimated Life in years Estimated Life in hours Actual Hours: Year 1 Year 2 Year Year 4 Sullivan Ranch Corporation
Data: Cost: Estimated Salvage value Estimated Life in years Estimated Life in hours Actual Hours: Year 1 Year 2 Year Year 4 Sullivan Ranch Corporation has purchased a new tractor. The following information is given $150,000 $1,000 41 1200 360 270 350 220 Instructions Prepare the following straight line depreciation schedule for the tractor mentioned above for years 14. Make sure to complete all the columns in yellow SULUYAN RANCH CORPORATION Depreciation Schedule Straight Line Method End of years amounts Accumulated Depreciation Depreciation Expense Prepare the following Units-of-Production depreciation schedule for the tractor mentioned above for years 1-4. Make sure to complete all the columns in yellow. SULLIVAN RANCH CORPORATION Depreciation Schedule Straight Line Method End of years amounts Depreciation Evense Accumulated Depreciation Prepare the following Double Declining-Balance depreciation schedule for the tractor mentioned above for years 14 Make sure to complete all the columns in yellow SULLIVAN RANCH CORPORATION Depreciation Schedule Straight Line Method Endotermount Depreciation Expense Accumulated Depreciation Book Value
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