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At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $918,800 and total accumulated depreciation of $394.377 as detailed in the
At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $918,800 and total accumulated depreciation of $394.377 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 doller.] Cost Information Depreciation Description Date of Purchase Depreciation Method COM Residual Balance of Life Accum. Degree Dec. 31:2015 Depreciation Expense for 2020 Balance of Accum Deprec Dec. 31, 2020 Bulding Modular Fu Truck May 2, 2014 May SL $ 2, 2014 $1 730,000 $ 290.000 10 y 100.000 S 249 333 95 200 Jan 25, 2017 DOB 88.000 14.000 S/L Straight-Line DDB-Double-Decining-Balance 2 There have been no disposals or betterments since the date of purchase.
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