Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION (hi) to calculate the 13 Depreciation Expense for Years 1-4' In the Depreciation Expense column. Enter formulas or absolute cell references for the remaining cells. 14 15 16 17 18 19 21 22 23 Finance Depreciation Schedules - Excel ? 0 - 5X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 A A % Paste BIU - A Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Font Styles C12 X V A B C D E F 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 3 Cost: $ 150,000 4 Estimated Residual: 10,000 5 Estimated Life in years: 4 6 Estimated Life in hours: 1200 7 Actual Hours: 8 Year 1 360 9 Year 2 270 10 Year 3 350 11 Year 4 220 1225 Prepare the following Units-of-Production depreciation schedule by entering formulas. 26 Use absolute cell references when appropriate. 2'? 23 ' 29 30 3 1 32 33 34 35 0t