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Andrea and Zorro Ward are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the following
Andrea and Zorro Ward 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. Data table Requirement 2. ror 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 "0" for any zero balances. Abbreviations used: Accum. = Accumulated; Depr. = Depreciation; Exp. = Expense.) Requirements 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
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