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I need help with this accounting problem. Selected ledger account balances for Business Solutions follow. For Three Months For Three Months Ended December 31, 2019

I need help with this accounting problem.

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Selected ledger account balances for Business Solutions follow. For Three Months For Three Months Ended December 31, 2019 Ended March 31, 2020 Office equipment 5 7,800 $ 7,800 Accumulated depreciationoffice equipment 390 780 Computer equipment 16,000 16,000 Accumulated depreciationComputer equipment 1,000 2,000 Total revenue 32,134 45,000 Total assets 82,760 121,568 Required: 1. Assume that Business Solutions does not acquire additional ofce 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. Required 1 Required 2 Required 3 Assume that Business Solutions does not acquire additional ofce equipment or computer equipment in 2020. Compute amounts for the year ended December 31, 2020, for Depreciation expenseOffice equipment and for Depreciation expense Computer equipment (assume use of the straight-line method). Computer equipment _ Required 2 > Required 1 Required 2 Required 3 December 31, 2020? Given the assumptions in part 1, what is the book value of both the office equipment and the computer equipment as of Book Value Office equipment Computer equipment Required 1 Required 2 Required 3 Compute the three-month total asset turnover for Business Solutions as of March 31, 2020. (Round your answer to 2 decimal places.) ( Required 2

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