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what is the depreciation expense, book value, total asset turnover Selected ledger account balances for Business Solutions follow Office equipment Accumulated depreciation Office equipment Computer
what is the depreciation expense, book value, total asset turnover
Selected ledger account balances for Business Solutions follow Office equipment Accumulated depreciation Office equipment Computer equipment Accumulated depreciation-Computer equipment Total revenue Total assets For Three Months For Three Months Ended December Ended March 31, 31, 2021 2022 $ 7,100 $ 7,100 355 710 16,000 16,000 1,000 2,000 32,184 44,100 83, 860 121,568 Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2022. Compute amounts for she 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 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. Required 1 Required 2 Required 3 Assume that Business Solutions does not acquire additional office equipment or computer equipment 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-line method). Depreciation Expense Office equipment Computer equipment Required 1 Required 2 >Step by Step Solution
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