Using Excel to PROBLEM 5 On January 1 2022 the Hermann

Last updated: 4/27/2023

Using Excel to PROBLEM 5 On January 1 2022 the Hermann Company general ledger shows the 5 following information concerning its equipment 7 B 3 pute Equipment Accumulated Depreciation 36 000 13 600 0 1 The depreciation resulted from using the straight line method with the 2 following additional information 3 Useful life Salvage value 10 years 2 000 4 15 16 17 On January 1 2022 the company concludes that the remaining useful life 18 changes to the following with the same salvage value 19 20 Remaining useful life 21 22 Compute the revised annual depreciation 23 24 2 years Required Provide input into cells shaded in yellow in this template Use mathematical formulas with cell references to the Problem and work areas as indicated Book value at date of change Depreciable cost Revised annual depreciation 2