On October 1, Miami Gold Exchange paid cash of $61,200 for computers that are expected to remain useful for three years. At the end of three years, the value of the computers is expected to be zero. Read the requirements Requirement 1. Calculate the amount of depreciation for the month of October using the straight-line depreciation method. Begin by selecting the labels, than enter the amounts and compute the amount of depreciation for the month of October. (Abbreviation used; Acc. Depreciation = Accumulated Depreciation. Enter a "0" for any zero balances.) 12 Straight-line + months depreciation Es Question 3, SF3-8 (simila Part 1 of 5 HW Score: 26.17%, 2.62 of 10 p Points: 0.14 of 1 On October 1, Miami Gold Exchange paid cash of $61,200 for computers that are expected to useful for three years. At the end of three years, the value of the computers is expected to be ze Read the requirements Re del X Requirements Be ma an 1. Calculate the amount of depreciation for the month of October using the straight-line depreciation method. 2. Record the adjusting entry for depreciation on October 31. 3. Post the purchase of October 1 and the depreciation on October 31 to T-accounts for the following accounts: Computer Equipment, Accumulated Depreciation-Computer Equipment, and Depreciation Expense-Computer Equipment Show their balances at October 31. 4. What is the computer equipment's book value at October 31? Print Done Get More Help Clear All Final Check ! SEP 17