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At December 31, 2019. ArgoEx's balance sheet showed total PPE assets of $845,800 and total accumulated depreciation of $360,379 as detailed in the PPE Subledger
At December 31, 2019. ArgoEx's balance sheet showed total PPE assets of $845,800 and total accumulated depreciation of $360,379 as detailed in the PPE Subledger below. ArgoEx calculates depreciation to the nearest whole month. Required: Complete the schedule by calculating depreciation expense for 2020 for each asset and then determining the balance of accumulated depreciation at December 31, 2020. (Do not round Intermediate calculations and round the final answers to nearest whole dollar.) Cost Information Description Date of Purchase Depreciation Method1 Depreciation Balance of Depreciation Life Accum. Deprec. Expense for Dec. 31, 2019 2020 Cost2 Residual Balance of Accum. Deprec Dec 31, 2020 S/L $ 680,000 $ $ Building Modular Furniture Truck May 2, 2014 May 2, 2014 Jan 25, 2017 SIL DDB 82.800 83.000 265.000 10 yr 11,500 | 8 yr. 235,167 s 78,200 47,012 41.500 5 4,600 8,997 276.687 82.800 56,009 15/L-Straight-Line: DDB-Double-Declining-Balance. 2 There have been no disposals or betterments since the date of purchase
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