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Selected ledger account balances for Business Solutions follow. For Three Months Ended December 31, 2017 For Three Months Ended March 31, 2018 Office equipment $

Selected ledger account balances for Business Solutions follow.

For Three Months Ended December 31, 2017 For Three Months Ended March 31, 2018
Office equipment $ 7,400 $ 7,400
Accumulated depreciationOffice equipment 370 740
Computer equipment 14,000 14,000
Accumulated depreciationComputer equipment 875 1,750
Total revenue 31,684 45,100
Total assets 83,760 121,468 image text in transcribed
Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2018. Compute amounts for the year ended December 31, 2018, for Depreciation expense-Office equipment and for Depreciation expense-Computer equipment (assume use of the straight-line method). X Answer is complete but not entirely correct. Depreciation Expense $ 1,110 X Office equipment Computer equipment $ 3,750 2. Given the assumptions in part 1, what is the book value of both the office equipment and the computer equipment as of December 31, 2018? Answer is complete but not entirely correct. Office equipment Computer equipment $ $ Book Value 5,550 9,000

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