Question: answer in formula form please B C D E F 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2



B C D E F 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 8 360 3 Cost: $ 150,000 4 Estimated Residual: $ 10,000 5 Estimated Life in years: 4 6 Estimated Life in hours: 1200 7 Actual Hours: Year 1 Year 2 270 10 Year 3 350 11 Year 4 220 12 Prepare the following Straight line depreciation schedule by using the excel SIN FUNCTION (fx) to calculate the Depreciation Expense for Years 1-4 in the Depreciation Expense column. Enter formulas or absolute cell references for the remaining cells. 9 13 A1 X Sullivan Ranch Corporation has purchased a new tractor. The following A D E F > Year 4 220 11 12 Prepare the following Straight Line depreciation schedule by using the excel SIN FUNCTION (fx) 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 12 18 SULLIVAN RANCH CORPORATION Depreciation Schedule Straight Une Method End of year amounts Depreciation Accumulated Expense Depreciation 19 Year Book Value 20 21 1 2 3 4 Total 25 24 3 D E 23 4 24 Total 25 Prepare the following Units of Production 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 Depreciation Accumulated 30 Year Book Value Expense Depreciation 31 1 32 2 33 3 34 4 35 Total 36 29 End of year amounts Depreciation Accumulated Expense Depreciation Year 30 Book Value 1 31 32 33 34 2 3 4 Total 35 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 Year Depreciation Accumulated Book Value Expense Depreciation 1 2 3 44 45 46 47 48 4 Total 49
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