Question: Requirement 2. For each asset , determine the book value as of December 31, 2024. Thon, calculate the depreciation expense for the first six months

Requirement 2. For each asset , determine the book value as of December 31, 2024. Thon, 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 wo 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 "O" for any zero balances. Abbreviations uned: Accum. - Accumulated, Depr Depreciation: Exp. Expenso) Accum. Book 2025 Accum Book 2024 Depr Value Depr. Exp. Depr. Value Acquisition Depr. Dec 31, Dec. 31, Through Jun 30, Jun 30, Asset Date Cost Expense 2024 2024 Jun 30 2025 2025 Canoes Nov. 3, 2024 s 7,680 5 1605 1605 7.520 5 480 S 640 $ 7.040 Land Dec. 1.2024 70,000 0 0 70,000 0 0 70.000 Building Dec. 1.2024 214,000 1,600 1.000 212.400 9.600 11,200 202.800 Dec 2, 2024 50 4,800 50 4.750 300 Cances 350 4.450 Computer Mar 2, 2025 12,600 Office Furniture Mar. 3. 2025 6,400 Clear all Final check Data table 025 and the Estimated Residual Value Depreciation Method Depreciation Expense $ 80 Estimated Life SL 0 for the first d. Acum Cost $ na 8 years Asset 7,680 1,600 $ SL 50 22.000 70.000 214,000 SL 0 Acquisition Date Nov 3, 2024 Dec. 1.2024 Dec. 1, 2024 Dec. 2, 2024 Mar. 2. 2025 DOB 1.300 Canoes Land Building Canoes Computer Office Furniture SL 10 years 8 years 7 years 10 years 400 4.800 12,600 6,400 Mar 3, 2025 ftright-line: DDB = Double-declining-balance

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