Data table Estimated Asset Acquisition Date Residual Cost Estimated Life Value Depreciation Method* Canoes Nov. 3, 2024 $ 7,680 8 years $ 0 SL $ Land Dec. 1, 2024 115,000 n/a Building Dec. 1, 2024 220,000 15 years 22,000 SL Canoes Dec. 2, 2024 6,720 8 years 0 SL Computer Mar. 2, 2025 1,350 3 years 400 DDB Office Furniture Mar. 3, 2025 3,180 4 years 1,500 SL *SL Straight-line; DDB = Double-declining-balance Print Done Monthly Depreciation Expense 80 1,100 70 - X 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. Print Done - 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 Acquisition Date Estimated Residual Depreciation Depreciation Cost Life Value Method Expense Computer Mar. 2, 2025 1,350 3 years 400 DDB Office Furniture Mar. 3, 2025 3,180 4 years 1,500 SL 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.) 2024 Accum. Depr. Book Value 2025 Depr. Exp. Accum. Book Asset Acquisition Date Cost Depr. Expense Dec. 31, Dec. 31, 2024 2024 Through Jun. 30 Depr. Jun. 30, Value Jun. 30, 2025 2025 Canoes Land Nov. 3, 2024 Dec. 1, 2024 $ 7,680 115,000 Building Dec. 1, 2024 220,000 Canoes Dec. 2, 2024 6,720 Computer Mar. 2, 2025 1,350 Office Furniture Mar. 3, 2025 3,180 Requirement 3. Prepare a partial balance sheet showing Property, Plant, and Equipment as of June 30, 2025. (Complete all answer boxes.) Property, Plant, and Equipment: Better Boat Company Balance Sheet (Partial): June 30, 2025 Property, Plant, and Equipment, Net