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Calibri 11 A A Paste B I U . L. - A. Alignment Number Conditional Format as Cell Formatting Table - Styles Styles Cells - Clipboard Font A1 X Fax Sullivan Ranch Corporation has purchased a new tractor. The following 34.16 points D 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: eBook $ $ 150,000 10,000 References 1200 3 Cost: 4 Estimated Residual: 5 Estimated Life in years: 6 Estimated Life in hours: 7 Actual Hours: Year 1 Year 2 Year 3 Year 4 360 270 350 220 Prepare the following Straight Line depreciation schedule by using the excel SLN 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. SULLIVAN RANCH CORPORATION M Prepare the following Straight Line depreciation schedule by using the excel SLN 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. 4 SULLIVAN RANCH CORPORATION Depreciation Schedule-Straight Line Method End of year amounts Depreciation Accumulated Year Book Value Expense Depreciation 1 $ $ 35,000 $ 35,000 $ 115,000 2 $ 35,000 $ 70,000 $ 80,000 3 $ 35,000 $ 105,000 $ 45,000 $ 35,000 $ 140,000 $ 10,000 Total $ 140,000 Prepare the following Activity-Based depreciation schedule by entering formulas. 26 Use absolute cell references when appropriate. SULLIVAN RANCH CORPORATION Depreciation Schedule-Units-of-Production Method End of year amounts Depreciation Accumulated Year Expense Book Value Depreciation ... Sheet1 ... + READY @ - Attempt(s) + 100% | Total $ 140,000 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. SULLIVAN RANCH CORPORATION Depreciation Schedule-Double-Declining-Balance Method End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 2 Total ... Sheet1 ... + 0 0 0 - 0 + 100% READY Attempt(s)