Ashley Walworth is continuing to review business practices. Currently, Walworth is reviewing the company's property, plant, and equipment and has gathered the following information View the information. Read the requirements Requirement 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2026. (Calculate a full month's depreciation. It is not necessary to prorate depreciation based on the number of days in service.) Year 1 Monthly Estimated Residual Value Depreciation Expense Estimated Life 4 years 5 years Requirement 2. For each asset, determine the book value as of December 31, 2025. Then, calculate the depreciation expanse for the first six months of 2026 and the book value as of June 30, 2026. Begin by completing the table by entering the amounts for 2025 for the assets placed in service during 2025. In the following step we will complete the table for the first six months of 2026 for all assets placed in service prior to June 30, 2026. (Complete all input fields. Enter a 0 for any zero balances. Abbreviations used: Accum. Accumulated; Depr Depreciation, Exp Expense) Acquisition Date Mar 2, 2026 Computer Office Furniture Mar 3, 2026 Asset Asset Canoes Land Building Canoes Computer Office Furniture Acquisition Date Nov. 3, 2025 Dec. 1, 2025 Dec. 1, 2025 Dec. 2, 2025 Mar. 2, 2026 Mar 3, 2026 $ Property, Plant, and Equipment Cost 8,400 4,300 Cost 7,200 120,000 79,000 9.120 8,400 4,300 2025 Depr Expense Accum Depr Dec. 31, 2025 1,200 700 Depreciation Method Book Value Dec. 31, 2025 DDB SL 2026 Depr Exp. Through Jun. 30 Accum Depr Jun. 30, 2026 Book Value Jun. 30, 2026 Requirement 3. Prepare a partial balance sheet showing Property, Plant, and Equipment as of June 30, 2026. (Complete all input fields.) Golden Lake Company Balance Sheet (Partial): June 30, 2026 Information Asset Acquisition Date $ Cost Canoes Land Nov 3, 2025 Dec. 1 2025 Dec. 1. 2025 Building Canoes Dec. 2 2025 Computer Mar 2, 2026 Office Furniture Mar 3, 2026 "SL- Straight-line: DDB Double-declining-balance Estimated Life 4 years 7,200 120.000 79,000 9,120 8,400 4,300 5 years 4 years 4 years 5 years $ Estimated Residual Value 0 7,000 0 1.200 700 Requirements 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2026. 2. For each asset, determine the book value as of December 31, 2025. Then, calculate the depreciation expense for the first six months of 2026 and the book value as of June 30, 2028. 3. Prepare a partial balance sheet showing Property, Plant, and Equipment as June 30, 2026. Depreciation Method SL n/a SL SL DOB SL Monthly Depreciation Expense $ Print 150 1,200 190 Done - X Submit test

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