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Prepare depreciation schedules using Straight line, Unit of production, and double declining balance depreciation. More ute of Exce/sheets capabilities by using as more formules and functions posible Sullivan Hanch Corporation has putchaved a new tractor on fan 1.1 paying 10% of the purcha orice in cash and your note for the balance. The followinformation is on le Lact calculation held back to information Chapter & Course Outcomes: (demonstrated in this project) A Record the journal art to capitale long term tangible asset Calculated for long term angle wossing line, unit of production and dining balance Choral entry to record depreciation of an asset D Analyse the impact of each deprecision method on the financial satements. U Microw cellently to record and summarie information und in Lusiness wity and decision makin REQUIRED FOR POINTS: A Complete a depreciation schedule for the new tractor will depreciation methods Link/ieference at cells on your depreciation schedules back to the Given data section. Use the add/sum/subtract functionality needed 165,000 15.000 Cost $ Estimated Residual: 5 Estimated Life in years Estimated Life in hours Record the following in the general joumal Link your amounts back to the depreciation schedule Add cells as needed to the given data section 4 Nephroder completed in Actual hours per year 1.200 Moth Phase in question 25.000 1 2 3 360 Autofah for sale 300 320 1. Record the entry for the original purchase on an 1 Year 1 2. Record the journal entry for Dec 31Year 1 for each of the methods Use the journal next to the depreciation schedule for each method 2. Record the journal entry for each method of the tractor in soldan 1 year 3 for 575.000 1. Recalculate ONLY the year 1 depreciation for each method if the tractor had been purchased on April 1 rather than Jan 1. Record the new year 1 journal entry for this change. If no change is needed, please record "no change in the journal entry Provide an answer to the following: Which method will urovide the 2201 3 C. Provide an anwwer to the following which method will provide the Nyhet net income in year all other factors by qual? include a brief explanation for your answer Answer 14 There buon DESSUPTIONEN har donde Wur Mee a roghe depreciation schedule using txie/Sheet formulas for years 1-4 the schedule should contain for each year the year, the detection expense, the accumulated derection and the book Salon Direction Statud DATE DE SOLIPTONACANT Od DE MAR Pus De 31 Prepare a units of production depreciation schedule using tecel/Sheet formidas for years 1-4. The schedule should contain for each year the year number, the depreciation experte, the accumulated depreciation and the book Prepara un of production dopecuncheduling het formula for a 14. The schedule should contain for each year the year, the depreciation exponse, the accumulated depreciation and the book lot. DATE DOLTON ACCOUNT De Cm Malar Pelation schedule the production Endale Doce 1 Wito tech wa Des Prepare a double decline depression schedule using Excel formulas for 14. The schedule should contain for each year the year number the depreciation exsense, the accumulated depreciation and the book wat DESCU Woon thepreci Schedule Doubled the Edwa De 31 Otto Der 1 you Des 30 years Dey De 1 (bre Sht Prepare depreciation schedules using Straight line, Unit of production, and double declining balance depreciation. More ute of Exce/sheets capabilities by using as more formules and functions posible Sullivan Hanch Corporation has putchaved a new tractor on fan 1.1 paying 10% of the purcha orice in cash and your note for the balance. The followinformation is on le Lact calculation held back to information Chapter & Course Outcomes: (demonstrated in this project) A Record the journal art to capitale long term tangible asset Calculated for long term angle wossing line, unit of production and dining balance Choral entry to record depreciation of an asset D Analyse the impact of each deprecision method on the financial satements. U Microw cellently to record and summarie information und in Lusiness wity and decision makin REQUIRED FOR POINTS: A Complete a depreciation schedule for the new tractor will depreciation methods Link/ieference at cells on your depreciation schedules back to the Given data section. Use the add/sum/subtract functionality needed 165,000 15.000 Cost $ Estimated Residual: 5 Estimated Life in years Estimated Life in hours Record the following in the general joumal Link your amounts back to the depreciation schedule Add cells as needed to the given data section 4 Nephroder completed in Actual hours per year 1.200 Moth Phase in question 25.000 1 2 3 360 Autofah for sale 300 320 1. Record the entry for the original purchase on an 1 Year 1 2. Record the journal entry for Dec 31Year 1 for each of the methods Use the journal next to the depreciation schedule for each method 2. Record the journal entry for each method of the tractor in soldan 1 year 3 for 575.000 1. Recalculate ONLY the year 1 depreciation for each method if the tractor had been purchased on April 1 rather than Jan 1. Record the new year 1 journal entry for this change. If no change is needed, please record "no change in the journal entry Provide an answer to the following: Which method will urovide the 2201 3 C. Provide an anwwer to the following which method will provide the Nyhet net income in year all other factors by qual? include a brief explanation for your answer Answer 14 There buon DESSUPTIONEN har donde Wur Mee a roghe depreciation schedule using txie/Sheet formulas for years 1-4 the schedule should contain for each year the year, the detection expense, the accumulated derection and the book Salon Direction Statud DATE DE SOLIPTONACANT Od DE MAR Pus De 31 Prepare a units of production depreciation schedule using tecel/Sheet formidas for years 1-4. The schedule should contain for each year the year number, the depreciation experte, the accumulated depreciation and the book Prepara un of production dopecuncheduling het formula for a 14. The schedule should contain for each year the year, the depreciation exponse, the accumulated depreciation and the book lot. DATE DOLTON ACCOUNT De Cm Malar Pelation schedule the production Endale Doce 1 Wito tech wa Des Prepare a double decline depression schedule using Excel formulas for 14. The schedule should contain for each year the year number the depreciation exsense, the accumulated depreciation and the book wat DESCU Woon thepreci Schedule Doubled the Edwa De 31 Otto Der 1 you Des 30 years Dey De 1 (bre Sht