Avery and Zorro White are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the following information: Data table Canoes 80 Asset Acquisition Date Cost Estimated Life Estimated Residual Value Depreciation Method Monthly Depreciation Expense Nov. 3, 2024 $ Land Dec. 1, 2024 3,840 65,000 4 years $ 0 SL $ n/a Building Dec. 1, 2024 133,000 15 years 7,000 SL 700 Canoes Dec. 2, 2024 7,680 4 years 0 SL 160 Computer Mar. 2, 2025 3,000 5 years 1,500 DDB Office Furniture Mar. 3, 2025 8,100 10 years 900 SL *SL = Straight-line; DDB = Double-declining-balance 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. Requirement 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2025. (Calculate a full month's depreciation. It is not necessary to prorate depreciation based on the number of days in service.) Estimated Year 1 - Monthly Asset Computer Office Furniture Acquisition Date Mar. 2, 2025 Estimated Cost Mar. 3, 2025 3,000 8,100 Life 5 years 10 years Residual Depreciation Value Method Depreciation Expense 1,500 900 DDB SL $ 100 60 Requirement 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. 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.) Book Value 2024 Asset Acquisition Date Depr. Accum. Depr. Dec. 31, Book Value Dec. 31, Cost Expense 2024 2024 2025 Depr. Exp. Through Jun. 30 Accum. Depr. Jun. 30, Jun. 30, 2025 2025 Canoes Nov. 3, 2024 $ 3,840 $ 160 $ 160 $ 3,680 $ 480 $ 640 3200 Land Dec. 1, 2024 65,000 0 0 65,000 0 65,000 Building Dec. 1, 2024 133,000 700 700 132,300 4,200 Canoes Dec. 2, 2024 7,680 160 160 7,520 960 Computer Mar. 2, 2025 3,000 400 400 2,600 Office Furniture Mar. 3, 2025 8,100 240 240 7,860