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Selected ledger account balances for Business Solutions follow. For Three Months Ended December 3 1 , 2 0 2 1 For Three Months Ended March
Selected ledger account balances for Business Solutions follow.
For Three Months Ended December
For Three Months Ended March
Office equipment
$
$
Accumulated depreciationOffice equipment
Computer equipment
Accumulated depreciationComputer equipment
Total revenue
Total assets
Required:
Assume that Business Solutions does not acquire additional office equipment or computer equipment in Compute amounts for the year ended December for Depreciation expenseOffice equipment and for Depreciation expenseComputer equipment assume use of the straightline method
Given the assumptions in part what is the book value of both the office equipment and the computer equipment as of December
Compute the threemonth total asset turnover for Business Solutions as of March
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