Alison and Zavier Warren are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the following information: (Click the icon to view the information.) Read the requirements. OLD Requirement 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2025. (Calculate a full month's depreciation. It is not necessary to prorate depreciation based on the number of days in service.) 6 years Estimated Year 1 - Monthly Acquisition Estimated Residual Depreciation Depreciation Asset Date Cost Life Value Method Expense Computer Mar. 2, 2025 1,800 500 DDB $ 50 Office Furniture Mar. 3, 2025 5,500 8 years 700 SL 50 Requirement 2. For each asset, determine the book value as of December 31, 2024. Then, calculate the depreciation expense for the first six months of 2025 and the book value as of June 30, 2025. Begin by completing the table by entering the amounts for 2024 for the assets placed in service during 2024. In the following step we will complete the table for the first six months of 2025 for all assets placed in service prior to June 30, 2025. (Complete all answer boxes. Enter a "O" for any zero balances. Abbreviations used: Accum. = Accumulated; Depr. = Depreciation; Exp. = Expense.) Book Accum. Book 2024 Accum. . Depr. Dec. 31. Value Dec. 31, 2025 Depr. Exp. Through Depr. Jun. 30 Value Jun. 30 Depr. Acquisition Date Asset Cost Expense 2024 2024 Jun. 30 2025 2025 - X $ 300 $ 6,900 Canoes Land Building Data table Nov. 3, 2024 Dec. 1, 2024 Dec. 1, 2024 7,200 $ 115,000 0 300 $ 0 1,200 110 115,000 84,800 1,200 86,000 5,280 Dec. 2, 2024 110 5,170 Canoes Computer Office Furniture Estimated Residual Value Depreciation Method Mar. 2. 2025 Mar. 3, 2025 , Monthly Depreciation Expense $ S 150 1,800 5,500 7.200 $ 0 SL n/a SL 1.200 - X Requirements Acquisition Asset Date Cost Estimated Life Canoes Nov. 3, 2024 $ 4 years Land Dec. 1, 2024 115,000 Building Dec. 1, 2024 86,000 5 years Canoes Dec. 2, 2024 5,280 4 years Computer Mar. 2, 2025 1,800 6 years Office Furniture Mar. 3. 2025 5,500 8 years * SL = Straight-line; DDB = Double-declining-balance = 14,000 0 SL 110 500 DDB 700 SL 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2025. 2. For each asset, determine the book value as of December 31, 2024. Then, calculate the depreciation expense for the first six months of 2025 and the book value as of June 30, 2025. 3. Prepare a partial balance sheet showing Property, Plant, and Equipment as of June 30, 2025. 0) Print Done Print Done