For Three Months Ended December 31, 2019				For Three Months Ended March 31, 2020
Office equipment	$	7,100			$	7,100
Accumulated depreciationOffice equipment		355				710
Computer equipment		14,000				14,000
Accumulated depreciationComputer equipment		875				1,750
Total revenue		32,084				44,500
Total assets		84,360				120,768

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.