Selected ledger account balances for Business Solutions follow Office equipment Accumulated depreciation office equipment Computer equipment Accumulated depreciation-Computer equipment Total revenue Total assets For Three Months Ended December 31, 2019 $ 7,600 Je 28.000 1,750 31,484 83,960 For Three Months Ended March 31, 2020 $ 7,689 760 28.000 3,500 44,900 121.468 Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2020. Compute amounts for the year ended December 31, 2020, 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 December 31, 2020? 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2020 Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2020. Compute amo for the year ended December 31, 2020. 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 Decer 31, 2020? 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2020 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 2020. Compute amounts for the year ended December 31, 2020, for Depreciation expense-Office equipment and for Depreciation expense- Computer equipment (assume use of the straight-line method). Depreciation Expense Office equipment Computer equipment Required 2 > Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2020. Compute amounts for the year ended December 31, 2020, 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 December 31. 2020? 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2020 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Given the assumptions in part 1. what is the book value of both the office equipment and the computer equipment as of December 312020 Book Value Oct Computer equipment Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2020. Compute amounts for the year ended December 31, 2020. 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 December 31, 2020? 3. Compute the three month total asset turnover for Business Solutions as of March 31, 2020 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Compute the three-month total asset turnover for Business Solutions as of March 31, 2020. (Round your answer to 2 decimal places Total asset turnover (Required 2
