53-8 value Journalizing and posting an adjusting entry for depreciation and determining book On October 1, Orlando Gold Exchange paid cash of S57,600 for computers that are expected to remain useful for three years. At the end of three years, the value of the computers is expected to be zero Requirements 1. Calculate the amount of depreciation for the month of October using the straight-line depreciation method. 2. Record the adjusting entry for depreciation on October 31 3. Post the purchase of October1 and the depreciation on October 31 to T-accounts for the following accounts: Computer Equipment, Accumulated Depreciation Computer Equipment, and Depreciation Expense Computer Equipment. Show their balances at October 31. 4. What is the computer equipment's book value on October 31