Selected ledger account balances for Business Solutions follow.

		For Three Months Ended December 31, 2015			For Three Months Ended March 31, 2016
	Office equipment	$	8,900		$	8,900
	Accumulated depreciationOffice equipment		445			890
	Computer equipment		16,000			16,000
	Accumulated depreciationComputer equipment		1,000			2,000
	Total revenue		32,284			45,200
	Total assets		83,360			121,768

Selected ledger account balances for Business Solutions follow For Three Months For Three Months Ended December 31, 2015 Ended March 31, 2016 Office equipment Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer equipment Total revenue Total assets $ 8,900 445 16,000 1,000 32,284 83,360 $ 8,900 890 16,000 2,000 45,200 121,768 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). Depreciation Expense Office equipment Computer equipment 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, 2016? Book Value Office equipment Computer equipment 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2016. (Round your answer to 2 decimal places.) Total asset turnover times