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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 $ 7,800 $ 7,800
Accumulated depreciationOffice equipment 390 780
Computer equipment 26,000 26,000
Accumulated depreciationComputer equipment 1,625 3,250
Total revenue 31,534 45,500
Total assets 83,860 122,068

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?

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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