Chapter 10 Serial Problem Part 1 Part 2 Part 3 Annual Depreciation Expense - Office Equipment Annual Depreciation Expense - Computer Equipment $1,600 $5,000 12/31/22 12/31/21 Office Equipment $6,000 Accumulated Depreciation $6,250 Office Equipment (book Value) $13,750 12/31/22 12/31/21 Computer Equipment Accumulated Depreciation $6,250 $2,000 Computer Equipment (book Value) $13,750 Total Asset Turnover = Net Sales/Average Total Assets Net Sales Total Assets 12/31/2021 Total Assets 03/31/2022 Average Total Assets Total Asset Turnover Estimated annual Total Asset Turnover Industry Standard Total Asset Turnover How does Business Solutions compare to the industry? 0.00 times 2.50 times times