Question: How to solve Requirement 2 . For each asset, determine the book value as of December 3 1 , 2 0 2 4 . Then,

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Requirement 2. For each asset, determine the book value as of December 31,2024. Then, calculate the depreciation expense for the first six months of 2025 and the book value as of June 30,2025.
Begin by completing the table by entering the amounts for 2024 for the assets placed in service during 2024. In the following step we will complete the table for the first six months of 2025 for all assets placed in service prior to June 30,2025.(Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Accum. = Accumulated; Depr. = Depreciation; Exp. = Expense.)
\table[[Asset,\table[[Acquisition],[Date]],,Cost,\table[[2024],[Depr.],[Expense]],\table[[Accum.],[Depr.],[Dec.31,],[2024]],\table[[Book],[Value],[Dec.31,],[2024]],\table[[2025],[Depr. Exp.],[Through],[Jun.30]],\table[[Accum.],[Depr.],[Jun.30,],[2025]],\table[[Book],[Value],[Jun.30,],[2025]]],[Canoes,Nov. 3,2024,$,3,360,140,140,3,220,420,560,2,800],[Land,Dec. 1,2024,,70,000,0,0,70,000,0,0,70,000],[Building,Dec. 1,2024,,93,000,1,400,1,400,91,600,8,400,9,800,83,200],[Canoes,Dec. 2,2024,,8,160,170,170,7,990,1,020,1,190,6,970],[Computer,Mar. 2,2025,,10,500,,,,1,000,1,000,9,500],[Office Furniture,Mar. 3,2025,,6,480,,,,220,220,6,260]]
Requirement 3. Prepare a partial balance sheet showing Property, Plant, and Equipment as of June 30,2025.(Complete all answer boxes.)
 How to solve Requirement 2. For each asset, determine the book

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