On October 1. Miami Gold Exchange paid cash of 3128.600 for computers that are expected to remain useful for six yesrs. At the end of six years. the value of the computers is expected to be zero Read tha requirament: Requirement 1. Calculate the amount of deprecistion for the month of October wsing the straight-line depreciation method Begin by selecting the labais, tan enterthe amount; and oompute the mount oe decreciaton for the month of October. (Abbreration used; A00. Depreciation-Accumulaad Depreciation. Enter a "Q" for any zaro balances.) )r / 12 monthsStraight-line depreciation )r 12 months Requirement 2. Record the adusting entry for depreciation on October 31. (Record debits first, then credits Seleet the explanation on the last ine of the journal entry table.) Aecounts and Explanation Oct 31 equirement 3 Post the pu onsse o ctober and the de reost o on ctober 3 to T 3000 nts or the olor ng ounts Computer Equipment. Accumulated Deo eco on (Use dates as posting references to postthe trnsact ons. Use a .Bal." posting referenceto show the endng balance of each account.) on pu er Equipment and Deprec st on Expense Con puter Equpment. Show the balances 'at coober 31. Computer Equipment Accumulatod Depreciation-Computer Equipment Requirements 1. Calculate the amount of depreciation for the month of Oetober using the straight-ine depreciation mechod 2. Record the aduing entry for depreclation on Ocober 31 3. Post the purchsse of October 1 and the depreoiation on October 31 to Depreeiation Expense-Computer Eq T-accounts for the fo lowing socounts: Computer Equipment. Accumulated Equipment. Show their balances at October 31 What is the computer equipmenfs book value at October 31? Requirement 4. Calculate the computer equipment's book value st October 31 Book value of plan: aseats Print Done