> Continuing Problem P9-43 Calculating and journalizing partial-year depreciation This problem continues the Canyon Canoe Company situation from Chapter 8. Amber and Zack Wilson are continuing to review business practices. Currendy,the are reviewing the company's properry, plant, and equipment and have gathered the following information: Estimated Acquisition Estimated Residual Depreciation Depreciation Cost LifeValue Method Expense $ 100 Asset Date Canoes Land Building Canoes Computer Nov. 3, 2018 $4,800 4 years $ 0 Dec. 1, 2018 Dec. 1, 2018 35,000 5 years 5,000 Dec. 2, 2018 Mar. 2, 2019 SL n/a SL SL DDB SL 85,000 500 7,200 3,600 3,000 4 years 3 years 5 years 0 300 600 150 Office Furniture Mar. 3, 2019 *SL Straight-line; DDB Double-declining-balance Requirements 1. Calculate the amount of monthly depreciation expense for the computer and office furniture for 2019. 2. 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. Prepare a partial balance sheet showing Property, Plant, and Equipment as of June 30, 2019. 3