Requirements _X 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2019. 2. For each asset, determine the book value as of December 31, 2018. Then, calculate the depreciation expense for the first six months of 2019 and the book value as of June 30, 2019 3. Prepare a partial balance sheet showing Property, Plant, and Equipment as of June 30, 2019 Print Done Data Table Estimated Residual Value $ 0 Depreciation Method* Monthly Depreciation Expense $ 120 SL n/a SL Acquisition Asset Date Cost Estimated Life Canoes Nov. 3, 2018 $ 5,760 4 years Land Dec. 1, 2018 85,000 Building Dec. 1, 2018 136,000 10 years Canoes Dec. 2, 2018 6,720 4 years Computer Mar.2, 2019 7,200 4 years Office Furniture Mar. 3, 2019 3,380 8 years * SL = Straight-line, DDB = Double-declining-balance 1,000 140 SL 16,000 0 1,400 500 DDB SL Print Done Score: 0.51 of 15 pts 1 of 1 (1 complete) W CP9-43 (similar to) Anya and Zander Waldon are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the following information: (Click the icon to view the information.) Read the requirements Requirement 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2019. (Calculate a full month's depreciation. It is not necessary to prorate depreciation based on the number of days in service.) Estimated Residual Acquisition Estimated Asset Date Cost Life Value 1,400 Depreciation Method DDB Year 1 - Monthly Depreciation Expense $ 300 30 4 years Computer Office Furniture Mar. 2, 2019 Mar 3, 2019 7,200 3,380 8 years 500 SL Requirement 2. For each asset, determine the book value as of December 31, 2018. Then, calculate the depreciation expense for the first six months of 2019 and the book value as of June 30, 2019. Begin by completing the table by entering the amounts for 2018 for the assets placed in service during 2018. In the following step we will complete the table for the first six months of 2019 for all assets placed in service prior to June 30, 2019. (Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Accum. = Accumulated; Depr. = Depreciation; Exp. = Expense.) Accum. Book 2018 Depr. Value Acquisition Depr. Dec. 31, Dec. 31, Asset Date Cost Expense 2018 2018 Canoes Nov. 3, 2018 $ 5,760 Land Dec. 1. 2018 85,000 Building Dec. 1, 2018 136,000 Canoes Dec 2, 2018 6,720 Computer Mar. 2, 2019 7,200 Office Furniture Mar. 3, 2019 3,380