Selected ledger account balances for Business Solutions follow. For Three Months Ended December 31, 2020 For Three Months Ended March 31, 2021 Office equipment $ 7,200 $ 7,200 Accumulated depreciationOffice equipment 360 720 Computer equipment 28,000 28,000 Accumulated depreciationComputer equipment 1,750 3,500 Total revenue 31,384 44,800 Total assets 83,560 120,968

Required:

1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2021. Compute amounts for the year ended December 31, 2021, for Depreciation expenseOffice equipment and for Depreciation expenseComputer equipment (assume use of the straight-line method).
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, 2021?
3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2021.