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Selected ledger account balances for Business Solutions follow. points Office equipment Accumulated depreciation office equipment Computer equipment Accumulated depreciation Computer equipment Total revenue Total assets
Selected ledger account balances for Business Solutions follow. points Office equipment Accumulated depreciation office equipment Computer equipment Accumulated depreciation Computer equipment Total revenue Total assets For Three Months Ended December 31, 2017 $ 7,900 395 26,000 1,625 31,834 82,760 For Three Months Ended March 31, 2018 $ 7,900 790 26,000 3,250 44,300 120,868 eBook Print References 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 expense-Office equipment and for Depreciation expense-Computer equipment (assume use of the straight-line method). Depreciation Expense Office equipment $ Computer equipment $ 1,580 6,500 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? Book Value Office equipment ($ 5,925 Computer equipment $ 17,875 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2018. (Round your answer to 2 decimal places.) Total asset turnover 0.36 times Nelur U yueSLUIT Answer is complete and correct. 37 points Office equipment Computer equipment Book Value $ 5,925 $ 17,875 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2018. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Total asset 0.37 times turnover
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