Develop a table showing the depreciation and book value for each year using both the Excel® DDB worksheet function and the Excel® SLN worksheet function such that the depreciation switches from double declining balance to straight-line at the optimum time.

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter26: Capital Budgeting (capbud)
Section: Chapter Questions
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solve until part e

Major medical complexes and their service providers continue to move toward advanced health informatics - acquiring, managing,
and using information to provide better healthcare. A new analyzer for researching and evaluating patient samples, and making
informed recommendations in the treatment of complex blood cancers, is purchased for $260,000. It is estimated to have a useful life
of 6 years and to be sold at the end of that time for $9,500.
Part a
Develop a table showing the depreciation and book value for each year using both the Excel® DDB worksheet function and the
Excel® SLN worksheet function such that the depreciation switches from double declining balance to straight-line at the optimum
time.
Year
1
N
+
$
LA
6
3 $
$
GA
$
$
GA
Depreciation
$
$
LA
$
$
LA
$
LA
$
GA
Book Value
Carry all interim calculations to 5 decimal places and then round your final answers to 2 decimal places. The tolerance is ±2.00.
Transcribed Image Text:Major medical complexes and their service providers continue to move toward advanced health informatics - acquiring, managing, and using information to provide better healthcare. A new analyzer for researching and evaluating patient samples, and making informed recommendations in the treatment of complex blood cancers, is purchased for $260,000. It is estimated to have a useful life of 6 years and to be sold at the end of that time for $9,500. Part a Develop a table showing the depreciation and book value for each year using both the Excel® DDB worksheet function and the Excel® SLN worksheet function such that the depreciation switches from double declining balance to straight-line at the optimum time. Year 1 N + $ LA 6 3 $ $ GA $ $ GA Depreciation $ $ LA $ $ LA $ LA $ GA Book Value Carry all interim calculations to 5 decimal places and then round your final answers to 2 decimal places. The tolerance is ±2.00.
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