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Amber and Zack Wilson are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the followi

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Amber and Zack Wilson are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the followi 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 prorate depreciation based on the number of days in service) Estimated Estimated Life Year 1 - Monthly Depreciation Expense Asset Acquisition Date Mar 2, 2019 Mar. 3, 2019 Residual Value 300 600 Cost 3,600 3,000 Depreciation Method DDB SL Computer Office Furniture 3 years 5 years Enter any number in the edit fields and then click Check Answer 0 Data Table Estimated Life Estimated Residual Value $ 0 Monthly Depreciation Expense $ 100 Depreciation Method SL n/a Asset Canoes $ 4 years Land Acquisition Date Nov. 3, 2018 Dec. 1, 2018 Dec. 1, 2018 Dec. 2, 2018 Mar 2, 2019 Mar. 3. 2019 Building Cost 4,800 85,000 35,000 7,200 3,600 3,000 Canoes 5 years 4 years 3 years 5 years 5,000 0 300 600 DDB Computer Office Furniture SL * SL = Straight-line; DDB = Double-declining-balance um 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

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