mathxl.com/Student/PlayerHomework.aspx?homeworkld=600004937&questionld=1&flushed=false&cld=6547544¢erwin=yes BA 212 Principles of Accounting II Summer 2021 Ally Magdalene & | 06/24/21 12:36 AM Homework: Chapter 9 - Continuing Problem Save Score: 0.17 of 10 pts 1 of 1 (1 complete) HW Score: 1.69%, 0.17 of 10 pts x CP9-43 (similar to) Question Help Alison and Zohar Wallace are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the following information: (Click the icon to view the information.) Read the requirements. Requirement 1. Calculate the amount of monthly depreciation expense for the computer and office furniture 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 2,700 6 years 1,300 DDB 75 Office Furniture Mar. 3, 2019 6,200 8 years 1,40 SL 50 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 Acquisition Depr. Dec. 31, Dec. 31, Asset Date Cost Expense 2018 2018 Canoes Nov. 3, 2018 $ ,200 Land Dec. 1, 2018 120,000 Building Dec. 1, 2018 280,000 Canoes Dec. 2, 2018 8, 160 Computer Mar. 2, 2019 2,700 Office Furniture Mar. 3, 2019 5,200 Enter any number in the edit fields and then click Check Answer. ? parts 2 remaining Clear All Check