Selected ledger account balances for Business Solutions follow.

Required:

Assume that Business Solutions does not acquire additional office equipment or computer equipment in $2022.$ Compute

amounts for the year ended December $31,2022,$ for Depreciation expense$-$Office equipment and for Depreciation expense$-$

Computer equipment $($assume use of the straight$-$line method$).$

Given the assumptions in part $1,$ what is the book value of both the office equipment and the computer equipment as of

December $31,2022?$

Compute the three$-$month total asset turnover for Business Solutions as of March $31,2022.$

Complete this question by entering your answers in the tabs below.

Assume that Business Solutions does not acquire additional office equipment or computer equipment in $2022.$ Compute

amounts for the year ended December $31,2022,$ for Depreciation expense$-$Office equipment and for Depreciation expense$-$

Computer equipment $($assume use of the straight$-$line method$).$