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Sullivan Ranch Corporation has purchased a new tractor and has provided you with the information related to the purchase. The Controller has asked you to calculate the depreciation for the new piece of equipment using different methods: Straight-Line depreciation, Units-of-Production depreciation, and Double-Declining-Balance depreciation. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. 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 absol \begin{tabular}{|c|l|r|r|} \multicolumn{1}{|c|}{ A } & \multicolumn{2}{c|}{ B } & \multicolumn{1}{c}{ C } \\ \hline 1 & Sullivan Ranch Corporation has purchased a new tractor. The following informatic \\ \hline 2 & & \\ \hline 3 & Cost: & $150,000 \\ \hline 4 & Estimated Residual: & $10,000 \\ \hline 5 & Estimated Life in years: & 4 \\ \hline 6 & Estimated Life in hours: & 1200 \\ \hline 7 & Actual Hours: & \\ \hline 8 & Year 1 & 360 \\ \hline 9 & Year 2 & 270 \\ \hline 10 & Year 3 & 350 \\ \hline 11 & Year 4 & 220 \\ \hline 12 & & \end{tabular}