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Requirement 2. For each asset, determine the book value as of December 31,2024. Then, calculate...

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Accounting

Requirement 2. For each asset, determine the book value as of December 31,2024. Then, calculate the depreciation expense for the first six months of 2025 and the book value as of June 30,2025. June 30,2025.(Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Accum. = Accumulated; Depr. = Depreciation; Exp. = Expense.)
\table[[Asset,Acquisition,,Accum.,Book],[\table[[Depr.],[Expense]],\table[[Dec.31,],[2024]],\table[[Dec.31,],[2024]]],[Canoes,Nov. 3,2024,3,360,,,],[Land,Dec. 1,2024,70,000,,,],[Building,Dec. 1,2024,93,000,,,],[Canoes,Dec. 2,2024,8,160,,,],[Computer,Mar. 2,2025,10,500,,,],[Office Furniture,Mar. 3,2025,6,480,,,]]
Data table
\table[[Asset,\table[[Acquisition],[Date]],,Cost,Estimated Life,,\table[[Estimated],[Residual],[Value]],\table[[Depreciation],[Method*]],,\table[[Monthly],[Depreciation],[Expense]]],[Canoes,Nov. 3,2024,$,3,360,4 years,$,0,SL,$,70],[Land,Dec. 1,2024,,70,000,v,,,n/a,,],[Building,Dec. 1,2024,,93,000,5 years,,9,000,SL,,1,400],[Canoes ,Dec. 2,2024,,8,160,4 years,,0,SL,,170],[Computer,Mar. 2,2025,,10,500,7 years,,1,500,DDB,,],[Office Furniture,Mar. 3,2025,,6,480,8 years,,1,200,SL,,]]
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