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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.)

Cost Information Depreciation
Description Date of Purchase Depreciation Method1 Cost2 Residual Life Balance of Accum. Deprec. Dec. 31, 2019 Depreciation Expense for 2020 Balance of Accum. Deprec. Dec. 31, 2020
Building May 2, 2014 S/L $840,000 $345,000 10 yr. $280,500
Modular Furniture May 2, 2014 S/L 140,400 0 6 yr 132,600
Truck Jan. 25, 2017 DDB 99,000 19,500 8 yr. 56,074

1 S/LStraight-Line; DDBDouble-Declining-Balance. 2 There have been no disposals or betterments since the date of purchase.

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