I have attached my microsoft excel document assignment with the microsoft word doc instructions that needs to be put into the excel doc. The microsoft office doc is NOT an additional assignment, it is only instructions in order to properly answer Problem 7-4A. Please complete the second problem on excel document as well, the instructions are present on excel doc for problem 08-01A. There are ONLY 2 problems in all that needs answer all on excel doc ONLY. Thanks Document Preview: P08-01AGiven P08-01AProblem 7-4AInstructionsStudent Name:Class:Cash price for all assets purchasedEstimated market values: Building Land Land improvementsScheduleAppraisedPercentageApportioned Useful life in yearsValueof TotalCost Salvage valueBuildingLandLand ImprovementsVehicles TotalsGeneral JournalTrans.DateAccount Titlesno.DebitCredit CashStraight-line depreciation on building =Double-declining-balancedepreciation on land improvements =Building:Land improvements useful life in yearsPart 2:Part 3: Vehicles (4)Check figures:(2)(3)Part 4: Defend or refute this statement: Accelerated depreciation results in payment of less taxes of the assets life.Jan. 1XAVIER CONSTRUCTIONTo record asset purchases.Given Data P08-01A:Problem 08-01APart 1Calculation of the estimated balance of the allowance for uncollectiblesNot due: 1 to 30:31 to 60:61 to 90:Over 90:Part 2Dec. 31Part 3 To record estimated bad debts.*Bad Debts Expense Allowance for Doubtful AccountsUnadjusted balanceRequired adjustmentProblem 7-4A CategoryA/R AmountUncollectibleGB 518 Unit 04 AssignmentStudent:Estimated balance * Computations >The Template is provided to help you complete your assignment successfully.Enter you Name here ======>There are hints and guidance within the templates. For Example,some fields will have a note attached as designated by the red triangle in theupper right corner of the cell.Some final cell totals or answers will give you a notice if the answer is correct.For example, if you have gotten the right answer, you may see a note Correct,or Good! appear beneath or to the side of that cell.But, not all exercises or problems will provide feedback. So, be sure you do yourbest on all of the assignments. And, if you have any questions, please do nothesitate to bring your questions to me. The preferred way to communicateyour assignment related questions will be in the Virtual Office.However, please remember that we do not discuss solutions in the Attachments: GB518-Unit04-.xls PROBLEM-7-4A-.docx