1. Prepare depreciation schedules using Straight-Line, Units-of-Production, and Double-Declining Balance Depreciation.

* The answers must be entered in with the right formula not numbers

X 5 ? - X Finance Depreciation Schedules - Excel FORMULAS DATA REVIEW FILE HOME INSERT PAGE LAYOUT VIEW Sign In Calibri -11-AA Paste B I U. 2. - A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells - Editing Clipboard Font C20 DE 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: $ $ 150,000 10,000 1200 3 Cost: 4 Estimated Residual: 5 Estimated Life in years: 6 Estimated Life in hours: 7 Actual Hours: 8 Year 1 Year 2 10 Year 3 Year 4 360 270 350 220 13 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 Depreciation Accumulated Depreciation Year Expense Book Value Total 25 Prepare the following Activity-Based depreciation schedule by entering formulas. 26 Use absolute cell references when appropriate. SULLIVAN RANCH CORPORATION Depreciation Schedule-Units-of-Production Method End of year amounts Depreciation Accumulated Year Book Value Expense Depreciation Total 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 absolute cell references for the remaining cells. SULLIVAN RANCH CORPORATION Depreciation Schedule-Double-Declining-Balance Method End of year amounts Year Depreciation Accumulated Book Value Depreciation Expense Total