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Selected ledger account balances for Business Solutions follow For Three Months Ended December 31, For Three Months Ended March 31, Spoed $ 8,700 $ 8,7ee

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Selected ledger account balances for Business Solutions follow For Three Months Ended December 31, For Three Months Ended March 31, Spoed $ 8,700 $ 8,7ee office equipment Accumulated depreciation office equipment Computer equipment Accumulated depreciation-Computer equipment Total revenue Total assets le, eee 1.250 10.ee 625 31,734 83,760 122,068 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). Depreciation Expense Office equipment Computer equipment 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? Book Value Office equipment Computer equipment 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2018. (Round your answer to 2 decimal places.) Total asset turnover times

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