ENTER ALL ANSWERS AS A FORMULA

1. Prepare depreciation schedules using Straight-Line, Activity Based, and Double-Declining Balance Depreciation. Finance Depreciation Schedules - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 A A % Paste B I U Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font ^ F20 V D E F. B $ 150,000 $ 10,000 4 1200 A 3 Cost: 4 Estimated Residual: 5 Estimated Life in years: 6 Estimated Life in hours: 7 Actual Hours: 8 Year 1 9 Year 2 10 Year 3 11 Year 4 360 270 350 220 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 references for the remaining cells. 14 SULLIVAN RANCH CORPORATION Depreciation Schedule-Straight Line Method End of year amounts Deprecation Expense Depreciation Book Value 2. 4 Total 28 19.0 25 Prepare the following Units-of-Production depreciation schedule by entering formulas. 26 Use absolute cell references when appropriate ... 27 SULLIVAN RANG CORPORATION Depreciation Schedule Units of Production Method 29 End of year amounts Depreciation Accumulated Year Book Value Expense Depreciation 31 1 32 2 123 3 24 4 25 36 Total Prepare the following Double-Declining-Balance depreciation schedule by using the Excel DDB FUNCTION (fx) to calculate 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-Double-Dedining-Balance Method End of year amounts Depreciation Accumulated Year Book Value Expense Depreciation 2 3 4 Total