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At December 3 1 , 2 0 2 2 , Dynamic Exploration s balance sheet showed total PPE assets of $ 9 4 8 ,
At December Dynamic Explorations balance sheet showed total PPE assets of $ and total accumulated depreciation of $ as detailed in the PPE Subledger below. Dynamic calculates depreciation to the nearest whole month.
Cost Information Depreciation
Description Date of Purchase Depreciation Method Cost Residual Life Balance of Accum.
Deprec.
Dec.
Building May SL $ $ yr $
Modular Furniture May SL yr
Truck Jan DDB yr
SLStraightLine; DDBDoubleDecliningBalance.
There have been no disposals or subsequent capital expenditures since the date of purchase.
Assume that the only other assets at December were total current assets of $ Prepare the asset section of Dynamic Explorations classified balance sheet at December
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