Sullivan Ranch Corporation has purchased a new tractor and has provided you with 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.

Cell Reference: Allows you to refer to data from another cell in the worksheet. In the Excel Simulation below, if $"=$B$8"$ is entered

in a blank cell, the formula outputs the result from cell B$8,$ which is $360$ in this example.

Absolute Reference: Allows you to maintain the original cell reference when a formula is copied to another cell. The cell

reference is "locked" by putting a dollar sign $($$$)$ before the column and row references. By default a cell reference is relative, so

when you copy a formula to another cell, the values update based on a relative reference. For example, if you copy the formula

$"=$B$8+$B$9"$ from cell C$1$ to cell C$2,$ the formula in cell C$2$ relatively updates to be $"=$B$9+$B$10".$ Since the copied formula moved

down one cell, the formula cell references also move down one cell. Conversely, by adding the absolute cell reference "locks" to

the equation, the formula does not change when copied to any other cell. For example, if $"=$$$B$$$8+$$$B$$$9"$ in cell C$1$ is copied to

cell $C2,$ the formula in cell $C2$ remains $"=$$$B$$$8+$$$B$$$9".$ You can also use a mixed cell reference by only "locking" the column or

row $($$B$8$ or $B$$$8),$ which locks that specific column or row while the other reference becomes a relative reference and "moves"

with the formula as it's copied to another cell. For example, if you copy the formula $"=$B$$8+$B$9"$ from cell C$1$ to cell C$2,$ the formula

in cell $C2$ updates to be $"=$B $$8+B10".$ Since the copied formula moved down one cell, the formula cell relative references also

move down one cell, but the absolute "locked" reference remains the same.

Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following

keys: $+($plus sign to add$),-($minus sign to subtract$),{?}^{**}($asterisk sign to multiply$),$ and $/($forward slash to divide$).$ In the Excel

Simulation below, if $"=$B$10+$B$11"$ is entered in a blank cell, the formula adds the values from those cells and outputs the result,

which is $570$ in this example. If using the other math symbols, the result is an appropriate answer for the function.

SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to

utilize this function. In the Excel Simulation below, if $"=$SUM$($B$8,$B$9,$B$10)"$ is entered in a blank cell, the formula outputs the result

of adding those three separate cells, which is $980$ in this example. Similarly, if $"=$SUM$($B$8$:B$10)"$ is entered in a blank cell, the

formula outputs the same result of adding those cells even though they are expressed as a range in the formula, so the result is

$980$ in this example.

SLN function: Allows you to calculate the depreciation of an asset using the straight$-$line depreciation method. The syntax of the

SLN function is $"=$SLN$($cost$,$salvage,life$)"$ and outputs the depreciation for one period. The cost argument is the initial cost of the

asset. The salvage argument is the salvage value at the end of the life of the asset. The life argument is the number of periods

over which the asset is being depreciated, also called the useful life.

DDB function: Allows you to calculate the depreciation of an asset using the double$-$declining balance method. The syntax of

the DDB function is $"=$DDB$($cost$,$salvage,life,period,$[$factor$])"$ and outputs the depreciation for one period. The function must

include the first four arguments and has a fifth optional argument. The cost argument is the initial cost of the asset. The salvage

argument is the salvage value at the end of the life of the asset. The life argument is the number of periods over which the asset

is being depreciated, also called the useful life. The period argument is the period for which you want to calculate the

depreciation and must use the same units as the life argument. The $[$factor$]$ argument is the rate at which the balance declines.

When omitted, factor is assumed to be $2($for the double$-$declining balance method$).$ Please help with formulas, this is very sensitve and wants me to use excel formulas but if the formula is wrong it takes points off.