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Required Using Excel as your tool: 1. Add a column to the provided file titled FinalDepreciation. Use formulas to calculate the amount of depreciation expense
Required Using Excel as your tool: 1. Add a column to the provided file titled "FinalDepreciation." Use formulas to calculate the amount of depreciation expense for each asset that should be taken for 2021. DO NOT input numbers. 2. 3. 4. 5. 6. Pay attention to whether the asset has been "Retired." Remember from Chapter 5 that we have to make a partial year adjustment if the asset is disposed of before it is fully depreciated. Add a second column to the provided file titled "AccumulatedDepreciation." Use formulas to calculate the total accumulated depreciation for each asset as of December 31, 2021 (calculated as "BOY Accumulated Depreciation" plus FinalDepreciation). Calculate the total 2021 depreciation expense of all assets (not total accumulated depreciation). Two decimal places. Save your spreadsheet with filename: Group#_Alteryx_Part1.xlsx Replace the # with your group number You do not need to test for mid-quarter convention (you will do this in a later requirement). You should calculate the depreciatio
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