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At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $889,600 and total accumulated depreciation of $380,778 as detalled in the PPE

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At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $889,600 and total accumulated depreciation of $380,778 as detalled in the PPE Subledger below. Dynamic calculates depreciation to the nearest whole month. Description Building Modular Furniture Truck Date of Purchase May 2, 2014 May 2, 2014 Jan.25, 2017 Assets Current assets Property, plant and equipment: Cost Information Depreciation Method S/L S/L DDB Furniture Less: Accumulated depreciation 1S/L-Straight-Line; DDB-Double-Declining-Balance. 2 There have been no disposals or subsequent capital expenditures since the date of purchase. DYNAMIC EXPLORATION Partial Balance Sheet December 31, 2019 Building Less Accumulated depreciation Truck Less: Accumulated depreciation Cost2 Residual $710,000 $280,000 93,600 86,000 0 13,000 Assume that the only other assets at December 31, 2019, were total current assets of $344,000. Prepare the asset section of Dynamic Exploration's classified balance sheet at December 31, 2019. Life 10 yr. 6 yr. 8 yr. Depreciation Balance of Accum. Deprec. Dec. 31, 2019 $243,667 88,400 48,711 Modular Furniture Truck May 2, 2014 Jan. 25, 2017 Assets Current assets Property, plant and equipment S/L DDB DYNAMIC EXPLORATION Partial Balance Sheet December 31, 2019 93,600 86,000 1S/L-Straight-Line; DDB-Double-Declining-Balance. There have been no disposals or subsequent capital expenditures since the date of purchase. Furniture Less Accumulated depreciation Building Less Accumulated depreciation Truck Less: Accumulated depreciation Total property, plant and equipment Total assets 0 13,000 6 yr. 8 yr. Assume that the only other assets at December 31, 2019, were total current assets of $344,000. Prepare the asset section of Dynamic Exploration's classified balance sheet at December 31, 2019. 88,400 48,711

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