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SP 8 Serial Problem Business Solutions (Algo) LO P1, A1 Selected ledger account balances for Business Solutions foliow. Required: 1. Assume that Business Solutions does

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SP 8 Serial Problem Business Solutions (Algo) LO P1, A1 Selected ledger account balances for Business Solutions foliow. Required: 1. Assume that Business Solutions does not acquire additional office equipmient or computer equipmient 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-ine 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 31,2022? 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2022 Complete this question by entering your answers in the tobs below. Compute the threa-month total asset turnover for Business Solutions as of March 31, 2022. (Roimd youl answer to 2 docimal placer.)

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