Selected ledger account balances for Business Solutions follow.Selected ledger account balances for Business Solutions follow.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 assumption 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 $31,2022.$

Answer is complete but not entirely correct.

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$).$

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 $31,2022.$

For Three Months Ended December $31,2021$ For Three Months Ended March $31,2022$

Office equipment $ $7,300$ $ $7,300$

Accumulated depreciation$$Office equipment $365730$

Computer equipment $14,00014,000$

Accumulated depreciation$$Computer equipment $8751,750$

Total revenue $31,73445,900$

Total assets $83,560120,768$

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 $31,2022.$