Alice and Zion Washington are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the following information:

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Computer Mar. 2, 2019 Office Furniture Mar. 3, 2019 Asset Canoes Land Building Canoes Computer Office Furniture Acquisition Date 7,500 2,300 Nov. 3, 2018 Dec. 1, 2018 Dec. 1, 2018 Dec. 2, 2018 Mar. 2, 2019 Mar. 3, 2019 Requirement 2. For each asset, determine the book value as of December 31, 2018. Then, calculate the depreciation expense for the first six months of 2019 and the book value as of June 30, 2019. $ 5 years 6 years. Begin by completing the table by entering the amounts for 2018 for the assets placed in service during 2018. In the following step we will complete the table for the first six months of 2019 for all assets placed in service prior to June 30, 2019. (Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Accum. = Accumulated; Depr. = Depreciation; Exp. = Expense.) 2018 Depr. Cost Expense 7,680 90,000 94,000 8,160 7,500 2,300 0 ..... Accum. Depr. Dec. 31, 2018 1,500 500 0 DDB SL 250 25 Book Value Dec. 31, 2018 Computer Mar. 2, 2019 Office Furniture Mar. 3, 2019 Asset Canoes Land Building Canoes Computer Office Furniture Acquisition Date 7,500 2,300 Nov. 3, 2018 Dec. 1, 2018 Dec. 1, 2018 Dec. 2, 2018 Mar. 2, 2019 Mar. 3, 2019 Requirement 2. For each asset, determine the book value as of December 31, 2018. Then, calculate the depreciation expense for the first six months of 2019 and the book value as of June 30, 2019. $ 5 years 6 years. Begin by completing the table by entering the amounts for 2018 for the assets placed in service during 2018. In the following step we will complete the table for the first six months of 2019 for all assets placed in service prior to June 30, 2019. (Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Accum. = Accumulated; Depr. = Depreciation; Exp. = Expense.) 2018 Depr. Cost Expense 7,680 90,000 94,000 8,160 7,500 2,300 0 ..... Accum. Depr. Dec. 31, 2018 1,500 500 0 DDB SL 250 25 Book Value Dec. 31, 2018

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Accumulated depreciation The sum total of depreciation expense till the date is known as the acc... View the full answer