Alison and Zeus Walker 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, Requirement 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2019. (Calculate a full month's depreciation. It is not necessary to prorate depreciation based on the number of days in service.) Estimated Estimated Acquisition Date Residual Value Depreciation Method Year 1 - Monthly Depreciation Expense Asset Cost Life 700 DDB Computer Office Furniture Mar 2, 2019 Mar 3, 2019 7,200 5,700 4 years 7 years 1,500 SL -X Data Table Acquisition Date Asset Cost Estimated Life Estimated Residual Value $ Depreciation Method SL Monthly Depreciation Expense $ 45 8 years Canoes Land n/a 10,000 SL 1,200 Nov 3, 2018 Dec. 1, 2018 Dec. 1, 2018 Dec. 2. 2018 Mar 2, 2019 Mar 3, 2019 4,320 100,000 154,000 7,680 7,200 5,700 0 Building Canoes Computer Office Furniture SL 80 10 years 8 years years 7 years 4 700 DDB 1,500 SL + * SL = Straight-line; DDB = Double-declining-balance Print Done i Requirements -X 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2019. 2. For each asset, determine the book value as of December 31, 2018. Then, calculate the depreciation expense for the first six months of 2019 and the book value as of June 30, 2019. 3. Prepare a partial balance sheet showing Property, Plant, and Equipment as of June 30, 2019. Print Done