For Three Months Ended December 31, 2019				For Three Months Ended March 31, 2020
Office equipment	$	8,900			$	8,900
Accumulated depreciationOffice equipment		445				890
Computer equipment		22,000				22,000
Accumulated depreciationComputer equipment		1,375				2,750
Total revenue		31,934				44,000
Total assets		82,560				121,468

Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2020. Compute amounts for the year ended December 31, 2020, for Depreciation expenseOffice equipment and for Depreciation expenseComputer equipment (assume use of the straight-line method). 2. Given the assumptions in part 1, what is the book value of both the office equipment and the computer equipment as of December 31, 2020? 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2020.

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