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PLEASE SHOW EXCEL FORMULAS USING =DBB AND =SYD FUNCTION On January 1,2024, the Speedy Delivery...

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Accounting

PLEASE SHOW EXCEL FORMULAS USING =DBB AND =SYD FUNCTION On January 1,2024, the Speedy Delivery Company purchased a truck for $50,000. At the end of its 4-year service life, it is estimated that the truck will be
worth $8,000.
Cost
Residual value
Useful life
Calculate annual depreciation for the 4-year life of the truck using each of the following methods.
Hint: Use the SLN, DDB, and SYD functions.
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