Selected ledger account balances for Business Solutions follow.

	For Three Months Ended December 31, 2017				For Three Months Ended March 31, 2018
Office equipment	$	7,400			$	7,400
Accumulated depreciationOffice equipment		370				740
Computer equipment		28,000				28,000
Accumulated depreciationComputer equipment		1,750				3,500
Total revenue		31,684				44,800
Total assets		82,860				121,368

Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2018. Compute amounts for the year ended December 31, 2018, 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, 2018?

3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2018. (Round your answer to 2 decimal places.)

Depreciation Expense Office equipment Computer equipment Book Value Office equipment Computer equipment Total asset turnover times