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Hello! Could someone help me with these charts? This is a new topic we are learning in accounting. Only the yellow boxes need to be

Hello! Could someone help me with these charts? This is a new topic we are learning in accounting. Only the yellow boxes need to be filled. Also, please show work if possible.image text in transcribedimage text in transcribed

Sullivan Ranch Corporation has purchased a new tractor. The following information is given: $150,000 $10,000 Cost: Estimated Residual Estimated Life in years: Estimated Life in hours: Actual Hours: 1200 Year 1 Year 2 Year 3 Year 4 360 270 350 220 Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION (fx) to calculate the 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-Straight Line Method End of year amounts Year epreciation Expense Accumulated Depreciation Book Value

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