Alyssa Waldron is continuing to review business practices. Currently, she is reviewing the company's property, plant, and equipment and has gathered the following information: (Click the icon to view the information.) Read the requirements. Requirement 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. Begin by completing the table by entering the amounts for 2018 for the assets placed in service during 2018. In the following step we will complete the table for the first six months of 2019 for all assets placed in service prior to June 30, 2019. (Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Accum. = Accumulated; Depr. = Depreciation; Exp. = Expense.) Accum. Book 2019 Accum. Book 2018 Depr. Value Depr. Exp. Depr. Value Through Jun. 30, Dec. 31, 2018 Dec. 31, 2018 Jun. 30, 2019 Asset Jun. 30 2019 Canoes $ Land Acquisition Date Nov. 3, 2018 Dec. 1, 2018 Dec. 1, 2018 Dec. 2, 2018 Mar. 2, 2019 Mar. 3, 2019 Depr. Cost Expense 5,280 90,000 99,000 N 8,160 L 4,200 Building N LL Canoes Computer Office Furniture 4,300 Alyssa Waldron is continuing to review business practices. Currently, she is reviewing the company's property, plant, and equipment and has gathered the following information: (Click the icon to view the information.) Read the requirements. Requirement 3. Prepare a partial balance sheet showing Property, Plant, and Equipment as of June 30, 2019. (Complete all answer boxes.) Wonder Wilderness Company Balance Sheet (Partial): June 30, 2019 Property, Plant, and Equipment: Property, Plant, and Equipment, Net 1 Data Table Estimated Monthly Acquisition Estimated Residual Depreciation Depreciation Asset Date Cost Life Value Method* Expense Canoes $ 4 years $ 0 SL $ 110 Land n/a Nov. 3, 2018 Dec. 1, 2018 Dec. 1, 2018 Dec. 2, 2018 Mar. 2, 2019 Mar. 3, 2019 5,280 90,000 99,000 8,160 Building Canoes 5 years 4 years 9,000 0 1,400 SL SL DDB 1,500 170 4,200 7 years DDB Computer Office Furniture 4,300 10 years 700 SL * SL = Straight-line; DDB = Double-declining-balance i 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. Alyssa Waldron is continuing to review business practices. Currently, she is reviewing the company's property, plant, and equipment and has 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 Residual Depreciation Acquisition Date Year 1 - Monthly Depreciation Expense Asset Cost Life Value Method 1,400 DDB Computer Office Furniture Mar. 2, 2019 Mar. 3, 2019 4,200 4,300 7 years 10 years 700 SL Alyssa Waldron is continuing to review business practices. Currently, she is reviewing the company's property, plant, and equipment and has gathered the following information: (Click the icon to view the information.) Read the requirements. Requirement 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. Begin by completing the table by entering the amounts for 2018 for the assets placed in service during 2018. In the following step we will complete the table for the first six months of 2019 for all assets placed in service prior to June 30, 2019. (Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Accum. = Accumulated; Depr. = Depreciation; Exp. = Expense.) Accum. Book 2019 Accum. Book 2018 Depr. Value Depr. Exp. Depr. Value Through Jun. 30, Dec. 31, 2018 Dec. 31, 2018 Jun. 30, 2019 Asset Jun. 30 2019 Canoes $ Land Acquisition Date Nov. 3, 2018 Dec. 1, 2018 Dec. 1, 2018 Dec. 2, 2018 Mar. 2, 2019 Mar. 3, 2019 Depr. Cost Expense 5,280 90,000 99,000 N 8,160 L 4,200 Building N LL Canoes Computer Office Furniture 4,300 Alyssa Waldron is continuing to review business practices. Currently, she is reviewing the company's property, plant, and equipment and has gathered the following information: (Click the icon to view the information.) Read the requirements. Requirement 3. Prepare a partial balance sheet showing Property, Plant, and Equipment as of June 30, 2019. (Complete all answer boxes.) Wonder Wilderness Company Balance Sheet (Partial): June 30, 2019 Property, Plant, and Equipment: Property, Plant, and Equipment, Net 1 Data Table Estimated Monthly Acquisition Estimated Residual Depreciation Depreciation Asset Date Cost Life Value Method* Expense Canoes $ 4 years $ 0 SL $ 110 Land n/a Nov. 3, 2018 Dec. 1, 2018 Dec. 1, 2018 Dec. 2, 2018 Mar. 2, 2019 Mar. 3, 2019 5,280 90,000 99,000 8,160 Building Canoes 5 years 4 years 9,000 0 1,400 SL SL DDB 1,500 170 4,200 7 years DDB Computer Office Furniture 4,300 10 years 700 SL * SL = Straight-line; DDB = Double-declining-balance i 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. Alyssa Waldron is continuing to review business practices. Currently, she is reviewing the company's property, plant, and equipment and has 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 Residual Depreciation Acquisition Date Year 1 - Monthly Depreciation Expense Asset Cost Life Value Method 1,400 DDB Computer Office Furniture Mar. 2, 2019 Mar. 3, 2019 4,200 4,300 7 years 10 years 700 SL