Selected ledger account balances for Business Solutions follow.

	For Three Months Ended December 31, 2019			For Three Months Ended March 31, 2020
Office equipment	$	8,000		$	8,000
Accumulated depreciationOffice equipment		400			800
Computer equipment		20,000			20,000
Accumulated depreciationComputer equipment		1,250			2,500
Total revenue		31,284			44,000
Total assets		83,460			120,268

Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2020. Compute amounts for the year ended December 31, 2020, 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, 2020? 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2020.

Required 1: Depreciation Expense for:

Office Equipment-

Computer Equipment-

Required 2: Book value for:

Office equipment-

computer equipment-

Required 3:

Total asset turnover-