Amy Washington is continuing to review business practices. Currently, she is reviewing the company's property, plant, and equipment and has gathered the following information: Estimated Residual Value $ Estimated Life 4 years Depreciation Method" Monthly Depreciation Expense $ 160 Asset Canoes $ 0 Land Acquisition Date Nov. 3, 2018 Dec. 1, 2018 Dec. 1, 2018 Dec 2, 2018 Mar. 2. 2019 Mar. 3, 2019 Cost 7,680 110,000 104,000 4,800 3,600 2.400 20,000 700 Building Canoes Computer Office Furniture 10 years 4 years 4 years 400 1,200 DDB SL 5 years * SL = Straight-line, DDB = Double-declining-balance 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 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 Life Year 1 - Monthly Depreciation Expense Asset Computer Office Furniture Acquisition Date Mar 2, 2019 Mar. 3, 2019 Estimated Residual Value 400 1,200 Cost 3,600 2,400 Depreciation Method DDB SL 4 years 5 years