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Selected ledger account balances for Business Solutions follow.Selected ledger account balances for Business Solutions follow.

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 expense$-$Office equipment and for Depreciation expense$-$

Computer 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 $31,2022.$

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

Office equipment $ $7,300$ $ $7,300$

Accumulated depreciation$$Office equipment $365730$

Computer equipment $14,00014,000$

Accumulated depreciation$$Computer equipment $8751,750$

Total revenue $31,73445,900$

Total assets $83,560120,768$

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 expense$$Office equipment and for Depreciation expense$$Computer 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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