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please complete second and third spreadsheets and give me exact formulas for each. thank you so much! + 1 2 Sullivan Ranch Corporation has purchased
please complete second and third spreadsheets and give me exact formulas for each. thank you so much!
+ 1 2 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 3 4 Cost: $150,000 5 Estimated Residual $10,000 6. Estimated Life in years 4 7 Estimated Life in hours 1200 8 Actual Hours: Year 1 360 10 Year 2 270 Year 3 350 12 Year 4 220 13 14 Required: 15 1. Prepare the following Straight line depreciation schedule by using the Excel SN function to calculate Depreciation Expense 16 and entering formulas for the remaining cells. Use absolute cell references when appropriate, 17 18 (Use cells A4 to B12 from the given information to complete this question.) 9 21 Depreciation Schedule-Straight-Line Method 22 End of year amounts Depreciation Accumulated 23 Year Expense Depreciation Book Value 24 1 $35,000 $35,000 $115,000 25 2 $35,000 $70,000 $80,000 26 3 $35.000 $105,000 $45,000 27 4 $35,000 $140,000 $10,000 28 Total 29 30 2. Prepare the following Activity Based depreciation schedule by entering formulas. Use absolute cell references when appropriate 31 4 32 (Use cells A4 to B12 from the given information to complete this question.) 33 34 SULLIVAN RANCH CORPORATION 35 Depreciation Schedule Activity Based Method 36 End of year amounts Depreciation Accumulated 37 Year Expense Depreciation Book Value 38 1 39 2 40 3 41 4 42 Total 43 44 3. Prepare the following Double Declining-Balance depreciation schedule by using the Excel DDB function to calculate 45 Depreciation Expense and entering formulas for the remaining cells. Use absolute cell references when appropriate. 46 47 (Use cells A4 to B12 from the given information to complete this question.) 48 49 SULLIVAN RANCH CORPORATION 50 Depreciation Schedule-Double-Declining-Balance Method 51 End of year amounts Depreciation Accumulated 52 Year Expense Depreciation Book Value 53 1 54 55 3 56 57 Total 58 59 2 4 Step by Step Solution
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