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ch12test02a - Length of Service(yrs Annual...

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BUSINESS MATH USING EXCEL Name ______________________________ Date ______________________________ Chapter 12 - Test 02 $12,500 $1,000 5 40% Year 1 12500 40% 5000 5000 $7,500 2 $7,500 40% $3,000 $8,000 $4,500 3 $4,500 40% $1,800 $9,800 $2,700 4 $2,700 40% $1,080 $10,880 $1,620 5 $1,620 40% $620 $11,500 $1,000 Directions: a. In Cell C7, calculate the Annual Double-Declining-Balance Rate. Format for Percentage and 0 Decimal places. b. In Cell B9, enter the Depreciable Amount for Year 1 (Cost of Asset). d. In Cell D9, enter the formula to calculate the Annual Depreciation for Year 1. Copy this formula down the column. h. In Cell E10, enter a formula to calculate the Accumulated Depreciation for Year 2. Copy this formula down the column. i. Correct the Annual Depreciation in Cell D13, if necessary. j. Format dollar entries for Currency, 0 Decimal places, and $. Depreciation Schedule Double-Declining-Balance Method Cost of Asset: Residual (Salvage) Value:
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Unformatted text preview: Length of Service (yrs): Annual Double-Declining-Balance Rate: Depreciable Amount Double-Declining Balance Rate Annual Depreciation Accumulated Depreciation End-of-Year Book Value c. In Cell C9, enter the Annual Double-Declining-Balance Rate. Copy the percent down the column. Format for Percentage and 0 Decimal places. e. In Cell E9, enter the Accumulated Depreciation. (In the first year, the Accumulated Depreciation is equal to the Annual Depreciation for Year 1.) f. In Cell F9, enter a formula to calculate the End-of-Year Book Value for Year 1. Use an absolute reference for Cost of Asset. Copy this formula down the column. g. In Cell B10, enter the End-of-Year Book Value for Year 1 as the Depreciable Amount for Year 2. Copy this formula down the column. k. Save the file as ch12test02a.xls. A B C D E F 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27...
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