Question: Need help ASAP Data: Asset # Asset name: Date acquired Cost: Depreciation method: Salvage (residual) value: $5,000 Estimated useful life (years): Computer 25,000 Straight Line
Data: Asset # Asset name: Date acquired Cost: Depreciation method: Salvage (residual) value: $5,000 Estimated useful life (years): Computer 25,000 Straight Line (SL) Output (1) Set up an Excel worksheet and include the data above in the Excel worksheet. (2) Set up a Depreciation Schedule as shown below: Depreciation Schedule-Straight-Line Method Year Accumulated Book Value Annual Depreciation Depreciation 2014 2015 2016 2017 2018 (3) Insert formulas in the depreciation schedule using absolute reference, as appropriate, to compute: (a) Annual depreciation Cost Depreciable cost Useful life # Annual depreciation (b) Accumulated depreciation Prior years' depreciation + Current year depreciation Accumulated depreciation
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