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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 31,2021
For Three Months Ended March 31,2022
Office equipment
$ 8,500
$ 8,500
Accumulated depreciationOffice equipment
425
850
Computer equipment
22,000
22,000
Accumulated depreciationComputer equipment
1,375
2,750
Total revenue
31,334
44,900
Total assets
83,960
120,768
Required:
1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2022. Compute amounts for the year ended December 31,2022, 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 31,2022?
3. Compute the three-month total asset turnover for Business Solutions as of March 31,2022.

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