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The actor argument is the rate at which the balance declines, when omitted is assumed to be 2 (the double-declining 2 X Finance Depreciation Schedules - Excel ? 6 x FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In s ४ Calibri 11 AA % Kipped Paste BIU- - Cells Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard 5 Font Г C21 fx -Book E F Print 3 Cost: A B с D 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 S 150,000 4 Estimated Residual: $ 10,000 5 Estimated Life in years: 4 6 Estimated Life in hours: 1200 7 Actual Hours: 8 Year 1 360 9 Year 2 270 10 Year 3 350 11 Year 4 220 erences 12 Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION (fx) to calculate the 13 Depreciation Expense for Years 1-4 in the Depreciation Expense column. Enter formulas or absolute cell references for the remaining cells. 14 15 16 17 18 SULLIVAN RANCH CORPORATION Depreciation Schedule-Straight Line Method End of year amounts Depreciation Accumulated Expense Depreciation $ 35,000 $ 35,000 19 Year Book Value 20 21 1 2 3 22 Sheet1 100% READY Attempt(s) 2/3
arguments and has a fifth optional argument. The cost argument is the initial cost of the asset. The salvage argumenti the end of the life of the asset. The life argument is the number of periods over which the asset is being depreciated, a life. The period argument is the period for which you want to calculate the depreciation and must use the same units a The (factor) argument is the rate at which the balance declines, when omitted is assumed to be 2 (the double-declining 4 ints Skipped X A 5 Finance Depreciation Schedules - Excel ? 6 Х FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In ४ Calibri 11 eBook Paste BIU - A A % A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Clipboard Font Print C21 fa V F References Total 28 A B D E 23 4 24 25 Prepare the following Units-of-Production depreciation schedule by entering formulas. 26 Use absolute cell references when appropriate. 27 SULLIVAN RANCH CORPORATION Depreciation Schedule-Units-of-Production Method End of year amounts Depreciation Accumulated 30 Year Book Value Expense Depreciation 31 1 32 2 33 3 4 35 Total 29 34 36 37 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. 38 39 40 41 42 SULLIVAN RANCH CORPORATION Depreciation Schedule-Double-Declining-Balance Method End of year amounts Depreciation Accumulated Year Book Value Expense Depreciation 43 Sheet1 READY 100%
arguments and has a fifth optional argument. The cost argument is the initial cost of the asset. The salvage argumenti the end of the life of the asset. The life argument is the number of periods over which the asset is being depreciated, a life. The period argument is the period for which you want to calculate the depreciation and must use the same units a The (factor) argument is the rate at which the balance declines, when omitted is assumed to be 2 (the double-declining 4 ints Skipped X A 5 Finance Depreciation Schedules - Excel ? 6 Х FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In ४ Calibri 11 eBook Paste BIU - A A % A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Clipboard Font Print C21 fa V A С D E F References 33 B 3 4 Total 34 35 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 43 SULLIVAN RANCH CORPORATION Depreciation Schedule-Double-Declining-Balance Method End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 2 3 44 45 46 47 4 48 Total 49 50 51 52 Sheet1 + READY 100%