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Office equipment $ 8,000 $ 8,000 Accumulated depreciationOffice equipment 400800 Computer...

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Accounting

Office equipment $ 8,000 $ 8,000
Accumulated depreciationOffice equipment 400800
Computer equipment 20,00020,000
Accumulated depreciationComputer equipment 1,2502,500
Total revenue 31,28444,000
Total assets 83,460120,268
Required:
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 expenseOffice equipment and for Depreciation expenseComputer equipment (assume use of the straight-line method).
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?
Compute the three-month total asset turnover for Business Solutions as of March 31,2022.

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