1 Selected ledger account balances for Business Solutions follow 30 points Office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Total revenue Total assets For Three Months Ended December 31, 2019 $ 8,000 400 20,000 1,250 31,284 83,460 For Three Months Ended March 31, 2020 $ 8,000 800 20,000 2,500 44,000 120,268 eBook Print Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2020. Compute amounts for the year ended December 31, 2020, for Depreciation expense-Office equipment and for Depreciation expense-Computer equipment (assume use of the straight-line method) 2. Given the assumptions in part 1, what is the book value of both the office equipment and the computer equipment as of December 31, 2020? 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2020 References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2020. Compute amounts for the year ended December 31, 2020, for Depreciation expense-Office equipment and for Depreciation expense- Computer equipment (assume use of the straight-line method). Depreciation Expense Office equipment Computer equipment 1 Selected ledger account balances for Business Solutions follow. 90 points Office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Total revenue Total assets For Three Months Ended December 31, 2019 $ 8,000 400 20,000 1,250 31,284 83,460 For Three Months Ended March 31, 2020 $ 8,000 800 20,000 2,500 44,000 120,268 eBook Print Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2020. Compute amounts for the year ended December 31, 2020, for Depreciation expense-Office equipment and for Depreciation expense-Computer equipment (assume use of the straight-line method) 2. Given the assumptions in part 1, what is the book value of both the office equipment and the computer equipment as of December 31, 2020? 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2020 References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Given the assumptions in part 1, what is the book value of both the office equipment and the computer equipment as of December 31, 2020? Book Value Office equipment Computer equipment Selected ledger account balances for Business Solutions follow Office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Total revenue Total assets For Three Months Ended December 31, 2019 $ 8,000 400 20,000 1.250 31,284 83,460 For Three Months Ended March 31, 2020 $ 8,098 800 20,000 2,500 44,000 120,268 K Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2020. Compute amounts for the year ended December 31, 2020, for Depreciation expense-Office equipment and for Depreciation expense-Computer equipment (assume use of the straight-line method). 2. Given the assumptions in part 1, what is the book value of both the office equipment and the computer equipment as of December 31, 2020 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2020. cos Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the three-month total asset turnover for Business Solutions as of March 31, 2020. (Round your answer to 2 decimal places) Total ansattutaver times Required 2 art 1 of 2 Required information The following information applies to the questions displayed below.) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product Determine the machine's second-year depreciation and year end book value under the straight-line method. cBook Straight Line Depreciation Choose Numerator: Choose Denominator: Hint Annual Depreciation Expense Depreciation expense Print Year 2 Depreciation Your and book valu (Yoar 2) References 12 Required information [The following information applies to the questions displayed below.) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $43,500. The machine's useful life is estimated at 10 years, or 385,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 32,500 units of product. Determine the machine's second-year depreciation using the double-declining-balance method. Double-declining balance Depreciation Choose Factor: Choose Factor%) Annual Depreciation Expense Depreciation expense First year's depreciation Second year's depreciation