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Al December 31, 2019. Dynamic Exploration's balance sheet showed total PPE assets of $991,800 and total accumulated depreciation of $428,376 as detailed in the PPE

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Al December 31, 2019. Dynamic Exploration's balance sheet showed total PPE assets of $991,800 and total accumulated depreciation of $428,376 as detailed in the PPE Subledger below. Dynamic calculates depreciation to the nearest whole month. Cost Information Depreciation Date of Purchase Method May 2, 2014 S/L May 2, 2014 SAL Jan 25, 2017 DDB Description Building Modular Furniture Truck Life Cost? Residus $780,000 $315,000 118,800 93,000 16,500 Depreciation Balance of Accue Deprec. Dec. 31, 2019 $263,500 112,200 52,676 10 yr. 6 Y 3 ye. SIL-Straight-Line: DDB-Double-Declining-Balance, 2 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 $351.000. Prepare the asset section of Dynamic Exploration's classified balance sheet at December 31, 2019, DYNAMIC EXPLORATION Partial Balance Sheet December 31, 2019 Assets Current assets Property, plant and equipment Furniture Less Accumulated depreciation Building Loss Accumulated depreciation Truck Less Accumulated depreciation Modular Furniture Truck May 2, 2014 Jan 25, 2017 S/ DDB 118,800 93,000 16,500 6 y. 8 yr. 112,200 52,676 15/L-Straight-Line: DDB-Double Declining Balance. 2 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 $351,000. Prepare the asset section of Dynamic Exploration's classified balance sheet at December 31, 2019 DYNAMIC EXPLORATION Partial Balance Sheet December 31, 2019 Assets Current assets Property, plant and equipment Furniture Less Accumulated depreciation Building Less Accumulated depreciation Truck Less Accumulated depreciation Total property, plant and equipment Total assets

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