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At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $933,400 and total accumulated depreciation of $401,177 as detailed in the PPE

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At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $933,400 and total accumulated depreciation of $401,177 as detailed in the PPE Subledger below. Dynamic 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.) Description Building Modular Furniture Truck Date of Purchase May 2, 2014 May 2, 2014 Jan 25, 2017 Cost Information Depreciation Method1 S/L S/L DDB Cost2 $ 740,000 $ 104,400 89,000 Residual Life 295,000 10 yr. 0 6 yr 14,500 8 yr. 1S/L-Straight-Line; DDB-Double-Declining-Balance. 2 There have been no disposals or betterments since the date of purchase. Balance of Accum. Deprec. Dec. 31, 2019 $ 252,167 98,600 50,410 Depreciation Depreciation Expense for 2020 Balance of Accum. Deprec. Dec. 31, 2020

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