For eachasset, 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.

Requirement 1. Calculate the amount of monthly depreciation expense for the computer and office fumiture for 2019. (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 Acquisition Estimated Residual Depreciation Depreciation Asset Date Cost Life Value Method Expense Computer Mar. 2, 2019 5,400 3 years 400 DDB 300 Office Furniture Mar. 3, 2019 7.100 10 years 500 SL 55 Requirement 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 Begin by completing the table by entering the amounts for 2018 for the assets placed in service during 2018. In the following step we will complete the table for the first six months of 2019 for all assets placed in service prior to June 30, 2019. (Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Accum. = Accumulated; Depr. = Depreciation; Exp. = Expense.) Accum. Book 2018 Depr. Value i Data Table X Acquisition Depr. Dec. 31, Dec. 31, Asset Date Cost Expense 2018 2018 Canoes Nov. 3, 2018 $ 3,840 Estimated Monthly Dec. 1, 2018 95,000 Acquisition Residual Depreciation Depreciation Land Asset Date Cost Estimated Life Value Method* Expense Building Dec. 1, 2018 97,000 Canoes Nov. 3, 2018 3,840 years $ 0 SL 80 Canoes Dec. 2, 2018 9,120 Land Dec. 1, 2018 95,000 n/a Computer Mar. 2, 2019 5,400 Building Dec. 1, 2018 97,000 5 years 7,000 1,500 Office Furniture Mar. 3, 2019 7,100 Canoes Dec. 2, 2018 9,120 4 years SL 190 Computer Mar. 2, 2019 5,400 3 years 400 DDB Office Furniture Mar. 3, 2019 7,100 10 years 500 SL SL = Straight-line; DDB = Double-declining-balance Print Done Enter any number in the edit fields and then click Check Answer. ? parts Clear All Check Answer Temaining