Question: can someone help please? this formula is not working, is there something wrong with it? Finance Depreciation Schedules - Excel X FILE HOME INSERT PAGE

can someone help please? this formula is not working, is there something wrong with it?
can someone help please? this formula is not working, is there something
wrong with it? Finance Depreciation Schedules - Excel X FILE HOME INSERT
PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in X Calibri -11 i

Finance Depreciation Schedules - Excel X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in X Calibri -11 i M Paste > BIU- AA % D.A. Alignment Number Conditional Format as Cell Formatting Table Styles Styles Ceils Editing Clipboard Font 044 f E F > 3 Cost: D 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 $ 150,000 4 Estimated Residual: $ 10,000 5 Estimated Life in years: 4 6 Estimated Life in hours: 1200 7 Actual Hours: 8 Year 1 Year 2 270 10 Year 3 350 11 Year 4 220 12 360 9 13 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. 14 15 1. Prepare depreciation schedules using Straight-Line, Activity Based, and Double-Declining Balan XS. ? 1 Finance Depreciation Schedules - Excel FORMULAS DATA REVIEW FILE HOME INSERT PAGE LAYOUT VIEW Sign X Calibri 11 A A 10 % Paste BIU Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font C44 f F A B D E 16 SULLIVAN RANCH CORPORATION 17 Depreciation Schedule Straight Line Method 18 End of year amounts 19 Year Depreciation Accumulated Book Value Expense Depreciation 20 1 $ 35,000 $ 35,000 $ 115,000 21 2 $ 35,000 $ 70,000 S 22 80,000 3 $ 35,000$ 105,000 23 45,000 4 $ 35,000 $ 140,000 $ 24 10,000 Total $ 140,000 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 30 Year Depreciation Accumulated Expense Book Value 31 Depreciation 1 $ 42,000$ 32 42,000S 108,000 2 $ 33 31,500S 73,500 $ 76,500 3 $ 40,833 S 34 114,3335 4 $ 35,667 35 25,667 $ 140,000 S Total $ 10,000 36 140,000 lo =ddb(b3, b4,b5,1) A 8 B D E F 3 ulus $ $ $ 4 Total 40,833 $ 25,667 $ 140,000 114,333$ 140,000 $ 35,667 10,000 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. 0 1 12 43 44 45 46 47 48 49 50 51 SULLIVAN RANCH CORPORATION Depreciation Schedule-Double-Declining-Balance Method End of year amounts Depreciation Accumulated Year Book Value Expense Depreciation 1 =ddb(63,64,65,1) 2 3 4 Total

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