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Selected ledger account balances for Success Systems follow. For Three Months Ended December 31, 2013 For Three Months Ended March 31, 2014 Office equipment $

Selected ledger account balances for Success Systems follow.

For Three Months Ended December 31, 2013 For Three Months Ended March 31, 2014
Office equipment $ 8,300 $ 8,300
Accumulated depreciationOffice equipment 415 830
Computer equipment 24,000 24,000
Accumulated depreciationComputer equipment 1,500 3,000
Total revenue 32,234 45,800
Total assets 84,060 120,668

Required
1.

Assume that Success Systems does not acquire additional office equipment or computer equipment in 2014. Compute amounts for the year ended December 31, 2014, 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, 2014?

3.

Compute the three-month total asset turnover for Success Systems as of March 31, 2014. (Round your answer to 2 decimal places.)

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