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At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $1,094,000 and total accumulated depreciation of $475,974 as detalled in the PPE

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At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $1,094,000 and total accumulated depreciation of $475,974 as detalled in the PPE Subledger below. Dynamic calculates depreciation to the nearest whole montu 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 dallat) Cost Information Depreciation Date of Depreciation Balance of Depreciation Balance of Description Purchase Methodt Costa Residual Life Accum. Deprec. Expense for Accum. Deprec Dec 31, 2019 Dec 31, 2020 Building May 2, 2014 S/L 850,000 $ 350,000 10 y 283,333 Modular Furniture May 2, 2014 144 000 06 y 136.000 Truck Jan 25, 2017 DDB 100.000 20.000 8 ye 56,641 2020 $ $ SIL 15/L-Straight-Line: DDB Double Declining Balance 2 There have been no disposals or betterments since the date of purchase

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