6 1. Prepare depreciation schedules using Straight-Line, Units-of-Production, and Double-Declining Balance Deation 5 x 1 34.16 points Finance Depreciation Schedules - Excel FORMULAS DATA REVIEW VIEW FILE Sign In HOME INSERT PAGE LAYOUT X M eBook Cells Editing Paste References Calori AA % BIU..SAAlignment Number Conditional Formatas Cell Formatting Table Styles Font Styles -SLN($B$3.SBS4 $B$5) Clipboard C20 E F B D 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: $ $ 150.000 10,000 4 1200 3 Cost: 4 Estimated Residual: 5 Estimated Life in years 6 Estimated Life in hours: 7 Actual Hours: 8 Year 1 9 Year 2 10 Year 3 11 Year 4 12 360 270 350 220 202FhewcomLcLducation.com mheducation.com/ext/map/index.html?_con=con&external browser=U&ldund Saved : Homework Chapter 7 Long Term Assets 10 11 12 Year 3 Year 4 350 220 Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION (Ex) 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 SULLIVAN RANCH CORPORATION 17 Depreciation Schedule Straight Line Method 18 End of year amounts Accumulated 19 Depreciation Year Book Value Expense Depreciation 20 1 $ 35,000 $ 35,000 $ 115,000 21 2 22 3 23 4 24 Total . 25 Prepare the following Activity-Based depreciation schedule by entering formulas. 26 Use absolute cell references when appropriate. 27 SULLIVAN RANCH CORPORATION 28 Depreciation Schedule-Units-of-Production Method 29 End of year amounts 30 Accumulated Year Depreciation Book Value Expense Depreciation 31 1 32 2 33 3 34 4 35 Total 36 37 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. 38 39 40 41 42 43 SULLIVAN RANCH CORPORATION Depreciation Schedule-Double-Declining-Balance Method End of year amounts Accumulated Year Depreciation Book Value Expense Depreciation 1 2 3 4 Total 44 45 46 47 48 49 50 51 52 Sheet1 6 1. Prepare depreciation schedules using Straight-Line, Units-of-Production, and Double-Declining Balance Deation 5 x 1 34.16 points Finance Depreciation Schedules - Excel FORMULAS DATA REVIEW VIEW FILE Sign In HOME INSERT PAGE LAYOUT X M eBook Cells Editing Paste References Calori AA % BIU..SAAlignment Number Conditional Formatas Cell Formatting Table Styles Font Styles -SLN($B$3.SBS4 $B$5) Clipboard C20 E F B D 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: $ $ 150.000 10,000 4 1200 3 Cost: 4 Estimated Residual: 5 Estimated Life in years 6 Estimated Life in hours: 7 Actual Hours: 8 Year 1 9 Year 2 10 Year 3 11 Year 4 12 360 270 350 220 202FhewcomLcLducation.com mheducation.com/ext/map/index.html?_con=con&external browser=U&ldund Saved : Homework Chapter 7 Long Term Assets 10 11 12 Year 3 Year 4 350 220 Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION (Ex) 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 SULLIVAN RANCH CORPORATION 17 Depreciation Schedule Straight Line Method 18 End of year amounts Accumulated 19 Depreciation Year Book Value Expense Depreciation 20 1 $ 35,000 $ 35,000 $ 115,000 21 2 22 3 23 4 24 Total . 25 Prepare the following Activity-Based depreciation schedule by entering formulas. 26 Use absolute cell references when appropriate. 27 SULLIVAN RANCH CORPORATION 28 Depreciation Schedule-Units-of-Production Method 29 End of year amounts 30 Accumulated Year Depreciation Book Value Expense Depreciation 31 1 32 2 33 3 34 4 35 Total 36 37 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. 38 39 40 41 42 43 SULLIVAN RANCH CORPORATION Depreciation Schedule-Double-Declining-Balance Method End of year amounts Accumulated Year Depreciation Book Value Expense Depreciation 1 2 3 4 Total 44 45 46 47 48 49 50 51 52 Sheet1