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SP 8 Serial Problem Business Solutions (Static) LO P1, A1 Selected ledger account balances for Business Solutions follow. 1. Assume that Business Solutions does not
SP 8 Serial Problem Business Solutions (Static) LO P1, A1 Selected ledger account balances for Business Solutions follow. 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2022. Compute amounts Required: 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) 2. Glven the assumptions in part 1, what is the book value of both the office equipment and the computer equlpment 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 tabs below. Assume that Business Solubions does not acquire additional office equlpment or computer equipment in 2022. Compute. amounts for the year ended December 31, 2022, for Depreciation expense-Onfice equipment and for Depreciation expenseComputer equipment (assume use of the straight-line method). SP 8 Serial Problem Business Solutions (Static) LO P1, A1 Selected ledger account balances for Business Solutions follow. Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2022. Compute amount 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). 2. Given the assumptions in part 1, what is the book value of both the office equipment and the computer equipment as of Decemb 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 tabs below. 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? SP 8 Serial Problem Business Solutions (Static) LO P1, A1 Selected ledger account balances for Business Solutions follow. 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2022. Compute amounts Required: for the year ended December 31, 2022, for Depreclation expense-Office equipment and for Depreciation expense-Computer 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, 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 tabs below. Compute the three-month total asset turnover for Business Solutions as of March 31,2022 . (Round your answer to 2 decimal places.)
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