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help me please Avery and Zorro White are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have

help me please
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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: 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.) Asset Computer Office Furniture Acquisition Date Mar. 2, 2025 Mar. 3, 2025 Cost 7,500 7,220 Estimated Life 5 years 7 years Estimated Residual Value 1 ,300 500 Depreciation Method DDB SL Requirement 2. For each asset, determine the book value as of December 31 , 2024. Then, ca Begin by completing the table by entering the amounts for 2024 for the assets placed in servic placed in service prior to June 30, 2025. (Complete all answer boxes. Enter a "0" for any zero Year 1 - Monthly Depreciation Expense 250 80 Data table Estimated Life 4 years 5 years 4 years 5 years 7 years Estimated Residual Value o 20,000 o 1 ,300 500 -balance Monthly Depreciation Depreciation Asset Canoes Land Building Canoes Computer Office Furniture Acquisition Date Nov. 3, 2024 2024 Depr. Expense Accum. Depr. Dec. 31, 2024 Book Value Dec. 31, 2024 Dec. Dec. Dec. Mar. Mar. 1, 2024 1, 2024 2, 2024 2, 2025 3, 2025 Cost 95,000 74,000 5,760 7,500 7,220 Asset Canoes Land Building Canoes Acquisition Date Nov. 3, 2024 Dec. 1, 2024 Dec. 1, 2024 Dec. 2, 2024 Mar. 2, Cost $ 7,680 95,000 74,000 5,760 7,500 7,220 Method* SL n/a SL SL DDB SL Expense 160 900 120 Computer 2025 Office Mar. 3, Furniture 2025 * SL = Strai ht-line; DDB = Double-declinin

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