Modify What SUP’s Straight-Line Depreciation Schedule 

You are to add another depreciation schedule for What SUP. Use the ch4-01_SLN_student_name.xls worksheet you created in this chapter. Add a new depreciation worksheet, labeled Asset 1003, using the Move or Copy Shortcut menu. The asset to be depreciated is a forge purchased on January 1, 2018, for $85,000. It has an estimated salvage value of $4,000 and is to be depreciated over 3 years using the straight-line method. Update the summary worksheet to include information on this new asset. (Be careful to note the date this asset was acquired.) Save the file as ch4-02_SLN_student_name (replacing student_name with your name). 

Print the newly completed worksheet for Asset 1003 and the modified Summary worksheet in Value view, with your name and date printed in the lower left footer and the file name in the lower right footer.