Question Help On May 1, your company pold cash of $26.700 for computers that are expected to remain useful for six years. At the end of she years, the value of the computers is expected to be Required 1. Using T-accounts, post the purchase of the computers on May 1 and the amortization on May 31 to the following accounts Computer Equipment, Accumulated Amortization-Computer Equipment and Amortation Expense -Computer Equipment Show their balances of May 31 2. What is the computer equipment's book value at May 312 3. What amount is reported on the income statement on May 317 Requirement 1. Using T-accounts, post the purchase of the computers on May 1 and the amortization on May 31 to the following accounts Computer Equipment Accumulated Amortization Computer Equipment and Amortization Expense Computer Equipment Show the balances at May 31 (Assume that the journal entries have been completed) Calculate the amortization expense Determine the formula for the amortization expense, and then use the formula to calculate the amount (Hound the amortization pense to the rest whole dollar Amortization expense