> Continuing Problem P10-43 Calculating and journalizing partial-year depreciation This problem continues the Canyon Canoe Company situation from Chapter 9. Amber Wilson is continuing to review business practices. Currently, she is reviewing the company's property, plant, and equipment and has gathered the following information: Monthly Estimated Asset Acquisition Canoes Land Building Dec. 1, 2018 35,000 5 years 5,000 S Canoes Computer Mar. 2, 2019 3,600 3 years Office Furniture Mar. 3, 2019 3,000 5 years SL-Straight-line: DD8 Double-declining-balance Requirements Estimated Residual Depreciation Depreciation Date CostLife Value Method* Expense Nov. 3, 2018 Dec. 1, 2018 $4,800 85,000 4 years 0 SL 100 n/a 500 Dec. 2, 2018 7,200 4 years SL DDB SL 150 300 600 1. Calculate the amount of monthly deponens for the computer and office furniture for 2019. For each asset, determine the book value as of December 31, 2018. Then, calcu- late the depreciation expense for the first six months of 2019 and the book value as of June 30, 2019, 2. 3. Prepare a parial balance sheet showing Properry, Plant, and Equipment as of June 30, 2019