Question
At December 31, 2019, Dynamic Explorations balance sheet showed total PPE assets of $1,079,400 and total accumulated depreciation of $469,174 as detailed in the PPE
At December 31, 2019, Dynamic Explorations balance sheet showed total PPE assets of $1,079,400 and total accumulated depreciation of $469,174 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.)
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1 S/LStraight-Line; DDBDouble-Declining-Balance. 2 There have been no disposals or betterments since the date of purchase.
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