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1 10 points: Skipped Print At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $1,050,200 and total accumulated depreciation of $455,574
1 10 points: Skipped Print At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $1,050,200 and total accumulated depreciation of $455,574 as detailed in the PPE Subledger below. Dynamic calculates depreciation to the nearest whole month. Date of Purchase May 2, 2014 May 2, 2014 Jan. 25, 2017 Assets Current assets Property, plant and equipment: Cost Information Description Building Modular Furniture Truck 1 S/L-Straight-Line; DDB-Double-Declining- Depreciation Method S/L S/L DDB Furniture Less: Accumulated depreciation DYNAMIC EXPLORATION Partial Balance Sheet December 31, 2019 Building Less: Accumulated depreciation Truck Cost2 Residual Life $820,000 $335,000 133,200 97,000 Less: Accumulated depreciation Total property, plant and equipment Total assets Balance. There have been no disposals or subsequent capital expenditures since the date of purchase. Assume that the only other assets at December 31, 2019, were total current assets of $355,000. Prepare the asset section of Dynamic Exploration's classified balance sheet at December 31, 2019. 0 18,500 $ $ Depreciati Balance of A Deprec. Dec. 31, 20 $274,833 125,800 54,941 10 yr. 6 yr. 8 yr. 0 0
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