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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: Acquisition Date Estimated Life Estimated Residual Value $ 0 Monthly Depreciation E xpense Asset Cost Depreciation Method SL n/a Canoes $ 4 years $ Land Building Nov 3, 2018 Dec. 1, 2018 Dec. 1. 2018 Dec 2, 2018 Mar. 2. 2019 Mar. 3, 2019 7,680 110,000 104,000 4,800 3,600 2,400 Canoes Computer 10 years 4 years 4 years 5 years 20,000 0 400 1,200 SL DDB SL Office Furniture * 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 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 Begin by completing the table by entering the amounts for 2018 for the assets placed in service during 2018. In the following step we will complete the table for the first six months of 2019 for all assets placed in service prior to June 30, 2019. (Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Accum. Accumulated, Depr Depreciation. Exp. = Expense) Accum. Depr. Dec. 31, 2018 2018 Depr. Expense Book Value Dec. 31. 2018 2019 Depr. Exp. Through Jun. 30 Accum. Depr. Jun. 30. 2019 Book Value Jun. 30, 2019 Acquisition Asset Date $ Canoes Land Building Canoes Computer Office Furniture 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

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