Question: Use EXCEL formula to answer the questions. Question 7 : On January 1 , 2 0 X 1 , a utility building was purchased for

Use EXCEL formula to answer the questions. Question

7

: On January

1, 20

1,

a utility building was purchased for $

2, 190, 000 .

Assuming a

25 -

year useful life and its worth to be $

246, 000

at the end of its life, how much would the "depreciation expense be in

20

2 "

using a

150 % -

declining balance method? Use the DDB formula.

Question

8

: Assume the same details as Question

7,

except that the utility building was purchased on September

1, 20

1 .

Use the DDB formula. Hint: This is a bit challenging, so look carefully at both my DDB formula examples shown earlier and take pieces from each to create the necessary formula for this specific question.

Use EXCEL formula to answer the questions. Question 7: On January

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