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Requirement 2. For each asset, determine the book value as of December 31, 2024. Then, calculate the depreciation expense for the first six months

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Requirement 2. For each asset, determine the book value as of December 31, 2024. Then, calculate the depreciation expense for the first six months of 2025 and the book value as of June 30, 2025 Begin by completing the table by entering the amounts for 2024 for the assets placed in service during 2024. In the following step we will complete the table for the first six months of 2025 for all assets placed in service prior to June 30 (Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Accum. Accumulated: Depr. Depreciationc Exp Expense) ! Accum. Book 2024 Depr Value Asset Acquisition Date Depr Dec. 31, Dec. 31, Cost Expense 2024 2024 Canoes Nov 3, 2024 $ 8.160 Land Dec. 1, 2024 110,000 Building Dec 1, 2024 201,000 Canoes Dec. 2, 2024 6,240 Computer Mar 2, 2025 4,200 Office Fumiture Mar 3, 2025 5,800

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