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Selected ledger account balances for Business Solutions follow. For Three Months Ended December 31, 2021 $ 7,200 360 For Three Months Ended March 31,
Selected ledger account balances for Business Solutions follow. For Three Months Ended December 31, 2021 $ 7,200 360 For Three Months Ended March 31, 2022 $ 7,200 720 Office equipment Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer equipment Total revenue Total assets Required: 24,000 24,000 1,500 3,000 31,584 82,860 44,300 120,668 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2022. Compute amour for the year ended December 31, 2022, for Depreciation expense-Office equipment and for Depreciation expense-Computer 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 Decem 31, 2022? 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2022. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 expense-Office equipment and for Depreciation expense- Computer equipment (assume use of the straight-line method). Depreciation Expense Office equipment Computer equipment
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