Alison and Zeger Waldon are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the following information: E (Click the icon to view the information.) Read the requirements. Requirement 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2019. (Calculate a full month's depreciation. It is not necessary to prorate depreciation based on the number of days in service.) Estimated Acquisition Date Estimated Residual Value Year 1 - Monthly Depreciation Expense Asset Life Depreciation Method DDB Cost 1,800 3,020 6 years Computer Office Furniture 600 Mar. 2, 2019 Mar. 3, 2019 7 years 500 SL Requirements X 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2019. 2. For each asset, determine the book value as of December 31, 2018. Then, calculate the depreciation expense for the first six months of 2019 and the book value as of June 30, 2019. 3. Prepare a partial balance sheet showing Property, Plant, and Equipment as of June 30, 2019 Print Done Data Table X Enter any number int E 3 parts remaining Estimated Residual Value Acquisition Date Check Answer Monthly Depreciation Fynense Depreciation Method Asset Cost Estimated life Score: 0 of 100 pts 1 of 1 (0 complete) HW Score: 0%, 0 of 100 pts Asset Date Cost Life Value Expense Method DDB 6 years 600 Computer Office Furniture Mar 2, 2019 Mar. 3, 2019 1.800 3,020 7 years 500 SL Requirements X i 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2019 2. For each asset, determine the book value as of December 31, 2018. Then, calculate the depreciation expense for the first six months of 2019 and the book value as of June 30, 2019. 3. Prepare a partial balance sheet showing Property, Plant, and Equipment as of June 30, 2019. Print Done X Data Table Enter any number in 1 ? parts remaining Check Answer Estimated Residual Value $ 0 Depreciation Method SL Monthly Depreciation Expense $ 140 4 years n/a 15 years 20,000 SL 1,400 Acquisition Asset Date Cost Estimated Life Canoes Nov. 3, 2018 $ 6,720 Land Dec. 1, 2018 85,000 Building Dec. 1. 2018 272,000 Dec. 2, 2018 6,240 4 years Computer Mar 2, 2019 1,800 6 years Office Furniture Mar. 3, 2019 3,020 * SL = Straight-line; DDB = Double-declining-balance Canoes 0 SL 130 600 DDB 7 years 500 SL Print Done