Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In this exercise, you will complete a depreciation schedule for AHJ Construction. In an Excel table, calculate depreciation expense, and analyze the table data. A

In this exercise, you will complete a depreciation schedule for AHJ Construction. In an Excel table, calculate depreciation expense, and analyze the table data. A primary goal is to ensure that the depreciation schedule can be easily understood by the end user.

Use this information (provided as of 11/30/2015) to create the depreciation schedule as of 11/30/2016 for AHJ Construction using appropriate headers and a table in which all pertinent information is displayed.

Fixed Asset

Date of Acquisition

Cost

Salvage Value

Useful Life (years)

Accumulated Depreciation

Construction Equipment

12/1/2011

$4,900

$900

10

$1,600

Furniture

12/1/2013

$3,200

$200

6

$1,000

Automobile

12/1/2014

$14,000

$2,000

8

$1,500

AHJ Construction uses the straight-line method of depreciation. In addition to the fixed assets shown, AHJ Construction acquired a new computer on 12/1/2015. It cost $2,800, has an estimated five-year useful life, and has an estimated salvage value of $300.

Create the table so there is a column for each item (note that some figures may appear different in your 11/30/2016 table than they do in the 11/30/2015 chart). Include columns for the annual depreciation expense and year-end book value. Use a function to calculate depreciation expense and structured references when calculating the year-end book value. Sort the table by depreciation expense in descending order. Filter the table to display only assets for which the estimated salvage value is greater than $250. Last, use Quick Analysis to apply data bars to the figures in the Accumulated Depreciation column.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Auditing And Assurance

Authors: Louise Kelly

1st Edition

978-1908199362

More Books

Students also viewed these Accounting questions