Excel SIM: Determine depreciation using three methods. 1. Prepare depreciation schedules using Straight-Line, Activity Based, and Double-Declining Balance Depreciation. BB S. 6 x FILE HOME INSERT Sign in Finance Depreciation Schedules - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW A A ..Alignment Number Conditional Format as Cell Formatting Table Styles Calor -11 18 Paste Cells Editing Clipboard Font 2 fSullivan Ranch Corporation has purchased a new tractor. The following B c D F 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given 2 3 Costi $ 150.000 4 Estimated Residual: $ 10.000 5 Estimated Life in years: 4 6 Estimated Life in hours 1200 7 Actual Hours: Year 10 Year 2 270 Year 350 11 Year 4 220 12 Prepare the following Straight Line depreciation schedole by using the excel SIN FUNCTION() to calculate the Depreciation Expense for Years 1-4 in the Depreciation Expense column, Ester formulas ar absolute cell references * LO 13 16 pboard Font Styles 1 fx Sullivan Ranch Corporation has purchased a new tractor. The following B D E F 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 15 16 SULLIVAN RANCH CORPORATION 17 Depreciation Schedule-Straight Line Method 18 End of year amounts 19 Year Depreciation Accumulated Expense Book Value Depreciation 20 1 21 2 22 3 23 4 24 Total 25 Prepare the following Units-of-Production depreciation schedule by entering formulas. 26 Use absolute cell references when appropriate. 27 SULLIVAN RANCH CORPORATION 28 Depreciation Schedule-Units-of-Production Method 29 End of year amounts 30 Year Depreciation Accumulated Expense Depreciation Book Value 1 32 2 Sheet1 31 3 READY Attempt(s) 100% Font Styles fx Sullivan Ranch Corporation has purchased a new tractor. The following B E F Depreciation Expense D Accumulated Depreciation Year Book Value 1 2 3 4 Total 37 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. 38 39 40 42 43 SULLIVAN RANCH CORPORATION Depreciation Schedule-Double Declining Balance Method End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 2 3 4 Total 44 45 46 47 48 49 SO Sheet1 E 100% READY Attempt(s)
