On October 1, Orlando Gold Exchange paid cash of $57,600 for computers that are expected to remain useful for three yours. At the end of three years, the value of the compur Read the requirements Requirement 1. Calculate the amount of depreciation for the month of October using the straight-line depreciation method Bogin by selecting the labels, than enter the amounts and compute the amount of depreciation for the month of October. (Abbreviation used, Acc Depreciation - Accumulated De balances) Cost Residual Value > Useful Life 12 months + Straight-line depreciation + 12 months Requirement 2. Record the adjusting entry for depreciation on October 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Credit Oct 31 Depreciation Expense-Computer Equipment Accumulated Depreciation-Computer Equipment Choose from any list or enter any number in the input fields and then continue to the next question computers that are expected to remain useful for three years. At the end of three years, the valu month of October using the straight-line depreciation method. Jion = A - Requirements mol urnal entr matid ht 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? pment ut field Print Done