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Using Excel as your tool: Add a column to the provided file titled FinalDepreciation....

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Accounting

Using Excel as your tool: Add a column to the provided file titled FinalDepreciation. Calculate the amount of depreciation expense for each asset that should be taken for 2021. Add a second column to the provided file titled AccumulatedDepreciation. Calculate the total accumulated depreciation for each asset as of December 31, 2021 (calculated as BOY Accumulated Depreciation plus FinalDepreciation). Calculate the total 2021 depreciation expense of all assets. You do not need to test for mid-quarter convention (you will do this in a later requirement). You should calculate the depreciation amounts based on the conventions reported by the client.

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