In: Accounting
EXCEL
Sullivan ranch corporation has purchased a new tractor and has provided the information related to the purchase. the controller has asked you to calculate the depreciation for the new piece of equipment using different methods. straight-line depreciation, units of production depreciation, snd double-declining balance depreciation. use the information included in the excel simulation and EXCEL FUNCTION FORMULAS described below to complete the task.
Answer is given below
For excel formulas Screen shot is given
For units of production method absolute reference is used and for DDB method - DDB formula in excel has been used.
Screen shots given for both.