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Alyssa and Zohar Warren are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the following

Alyssa and Zohar Warren are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the following information:

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I have already calculated the computer and furniture requirement already! I am looking for Requirements 2 and 3 please. Also, if the answer could be provided in a table format, I would really appreciate that! Thank you!image text in transcribed

Requirements 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 Data Table Estimated Residual Value Cost Estimated Life 4 years Monthly Depreciation Expense $ 120 Depreciation Method SL n/a $ 5,760 $ 0 Acquisition Asset Date Canoes Nov. 3, 2018 Land Dec. 1, 2018 Building Dec. 1, 2018 Canoes Dec. 2, 2018 Computer Mar 2, 2019 Office Furniture Mar. 3, 2019 SL 900 75,000 172,000 8,160 5,400 5,000 SL 170 15 years 4 years 3 years 6 years 10,000 0 1,300 1,400 DDB SL * SL = Straight-line; DDB = Double-declining-balance Print Done Accum. Book 2018 Value Depr. Expense Depr. Dec. 31, 2018 Dec. 31, 2018 Acquisition Date Nov. 3, 2018 Dec. 1, 2018 Dec. 1, 2018 Asset Canoes Land Building Canoes Computer Office Furniture $ Cost 5,760 75,000 172,000 8,160 Dec. 2, 2018 Mar 2, 2019 Mar. 3, 2019 5,400 5,000

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