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Use EXCEL formula to answer the questions. Question 7: On January 1,20X1, a utility building...

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Accounting

Use EXCEL formula to answer the questions. Question 7: On January 1,20X1, a utility building was purchased for $2,190,000. Assuming a 25-year useful life and its worth to be $246,000 at the end of its life, how much would the "depreciation expense be in 20X2" using a 150%-declining balance method? Use the DDB formula.
Question 8: Assume the same details as Question 7, except that the utility building was purchased on September 1,20X1. Use the DDB formula. Hint: This is a bit challenging, so look carefully at both my DDB formula examples shown earlier and take pieces from each to create the necessary formula for this specific question.
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