Please use Excel and show the formula to solve the problem

11- Some equipment that costs $1000 has a 5-year depreciable life and an estimated $50 salvage value at the end of that time. You have been 28 assigned to determine whether to use straight-line or double declining balance depreciation. If a 10% interest rate is appropriate, which is the A preferred depreciation method for this profitable corporation? Use a spreadsheet to show your computations of the difference in present worths. Given: First Cost Salvage Life Factor MARR Find: Solution: SL Dep DDB Year 0 1 2 3 4 5 SUM NPW Notes