Excel SIM: Determine depreciation using three methods. 1. Prepare depreciation schedules using Straight-Line Activity Based, and Double-Declining Balance Depreciation ? 3 x Finance Depreciation Schedules - Excel FORMULAS DATA REVIEW FILE HOME INSERT PAGE LAYOUT VIEW Sign in X Cron M AN % Alignment Number Conditional Format Cel Formatting Table Styles Paste BIU Cells Editing Clipboard Fort A1 f Sullivan Ranch Corporation has purchased a new tractor. The following B D 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 3 Cost: $ 150,000 4 Estimated Residual: $ 10,000 5 Estimated Life in years: 4 6 Estimated Ufe in hours: 1200 7 Actual Hours: 8 Year 1 360 Year 2 270 10 Year 3 350 11 Year 220 12 Prepare the following Straight line depreciation schedule by using the excel SIN FUNCTION() to calculate the 19 Depreciation Expense for Years 1-4 in the Depreciation Expense column. Enter formulas or absolute cell references for the remaining cells. A D 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given 2 3 Cost: $ 150,000 4 Estimated Residual: $ 10,000 5 Estimated Life in years: 4 6 Estimated Life in hours: 1200 7 Actual Hours: 8 Year 1 360 9 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. 13 14 15 16 17 18 SULLIVAN RANCH CORPORATION Depreciation Schedule-Straight Line Method End of year amounts Depreciation Accumulated Expense Depreciation 19 Year Book Value 20 21 22 1 2 3 Sheet1 100% READY Attempt(s)