Please answer the following:

Selected ledger account balances for Business Solutions follow.

		For Three Months Ended December 31, 2015			For Three Months Ended March 31, 2016
	Office equipment	$	8,000		$	8,000
	Accumulated depreciationOffice equipment		400			800
	Computer equipment		20,000			20,000
	Accumulated depreciationComputer equipment		1,250			2,500
	Total revenue		31,284			44,000
	Total assets		83,460			120,268

Required

1.	Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2016. Compute amounts for the year ended December 31, 2016, for Depreciation expenseOffice equipment and for Depreciation expenseComputer 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, 2016?

3.	Compute the three-month total asset turnover for Business Solutions as of March 31, 2016. (Round your answer to 2 decimal places.)

Required 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2016. Compute amounts for the year ended December 31, 2016, for Depreciation expense-Office equipment and for Depreciation expense-Computer equipment (assume use of the straight-line method) Depreciation Expense Office equipment Computer equipment 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, 2016? Book Value Office equipment Computer equipment 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2016. (Round your answer to 2 decimal places.) otal asset turnover times