for the straight line method the answer is NOT 35000 for depriciation expense. need to use the excel SLN function.

blems Saved n 4 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 3 Cost: $ 150,000 4 Estimated Residual: S 10,000 s Estimated Life in years: 6 Estimated Life in hours: 1200 7 Actual Hours: 8 Year 1 360 Year 2 270 10 Year 3 350 11 Year 4 220 12 Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION (Ex) 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 9 13 IS 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 B 100% E READY Attempt(s) 1/3 Hint Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION (Ex) to calculate the Depreciation Expense for Years 1-4 in the Depreciation Expense column. Enter formulas or absolute cell references for the remaining cells. 4 5 6 SULLIVAN RANCH CORPORATION 7 Depreciation Schedule Straight Line Method 18 End of year amounts Accumulated 19 Depreciation Year Book Value Expense Depreciation 20 21 2 22 3 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 Accumulated 30 Depreciation Year Book Value Expense Depreciation 31 1 32 2 Sheet1 100% READY Attempt(o) 1/3 Hint Saved ems i 30 Prepare the following Units-of-Production depreciation schedule by entering formulas. 6 Use absolute cell references when appropriate. 27 SULLIVAN RANCH CORPORATION 28 Depreciation Schedule-Units-of-Production Method 29 End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation 31 1 32 2 33 3 34 4 35 Total 36 Prepare the following Double-Declining-Balance depreciation schedule by using the Excel DDB FUNCTION (fx) to 37 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 SULLIVAN RANCH CORPORATION Depreciation Schedule-Double-Declining Balance Method End of year amounts Depreciation Accumulated Book Value Expense Depreciation 43 Year 44 45 1 2 Sheet1 + READY 100% Hint Attempt(s) 1/3 oblems Saved 33 34 35 36 3 4 Total Prepare the following Double-Declining-Balance depreciation schedule by using the Excel DDB FUNCTION (fx) to 37 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 Depreciation Year Accumulated Book Value Expense Depreciation 1 2 3 4 Total 44 45 46 47 48 49 50 51 52 Sheet1 LI READY Attempt() 100% Hint 1/3