At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $875,000 and total accumulated depreciation of $373,978 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 Date of Purchase Cost Information Depreciation Method1 Balance of Cost2 Residual Life Accum. Deprec. Dec. 31, 2019 Depreciation Depreciation Expense for 2020 Balance of Accum. Deprec. Dec. 31, 2020 Building Modular Furniture May 2, 2014 S/L $ 700,000 $ 275,000 10 yr. $ 240,833 May 2, 2014 S/L Truck Jan. 25, 2017 DDB 90,000 85,000 0 6 yr 12,500 8 yr. 85,000 48,145 1S/L-Straight-Line; DDB-Double-Declining-Balance. 2 There have been no disposals or betterments since the date of purchase.