Selected ledger account balances for Business Solutions follow. For Three Months...

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Accounting

Selected ledger account balances for Business Solutions follow.

For Three Months Ended December 31, 2021 For Three Months Ended March 31, 2022

Office equipment $ 8,900 $ 8,900

Accumulated depreciationOffice equipment 445 890

Computer equipment 30,000 30,000

Accumulated depreciationComputer equipment 1,875 3,750

Total revenue 31,834 44,000

Total assets 83,560 120,968

	For Three Months Ended December 31, 2021	For Three Months Ended March 31, 2022
Office equipment	$ 8,900	$ 8,900
Accumulated depreciationOffice equipment	445	890
Computer equipment	30,000	30,000
Accumulated depreciationComputer equipment	1,875	3,750
Total revenue	31,834	44,000
Total assets	83,560	120,968

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.

Complete this question by entering your answers in the tabs below. 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? Complete this question by entering your answers in the tabs below. Compute the three-month total asset turnover for Business Solutions as of March 31, 2022. Note: Round your answer to 2 decimal places. Complete this question by entering your answers in the tabs below. 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 expense-Office equipment and for Depreciation expenseComputer equipment (assume use of the straight-line method)

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