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Selected ledger account balances for Business Solutions follow For Three Months For Three Months Ended December 31, 2015 Ended March 31, 2016 $ 8,000 800
Selected ledger account balances for Business Solutions follow For Three Months For Three Months Ended December 31, 2015 Ended March 31, 2016 $ 8,000 800 20,000 2,500 44,000 120,268 Office equipment Accumulated depreciation -Office equipment Computer equipment $ 8.000 400 20,000 1,250 31 284 83.460 Total revenue Total assets Required 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2016. Compute amounts for the year ended December 31, 2016, for Depreciation Expense-Office Equipment and for Depreciation Expense Computer Equipment (assume use of the straight-line method). (Omit the "$" sign in your response.) Office equipment Computer equipment 2Given the assumptions in part 1, what is the carrying amount of both the office equipment and the computer equipment as at December 31, 2016? (Omit the "$" sign in your response.) Office equipment Computer equipment 3 Compute the three-month total asset turnover for Business Solutions as at March 31, 2016. (Round your answer to 2 decimal places.) Total asset turnover times
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