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At December 31, 2020, Halifax Servicing's balance sheet showed capital asset information as detailed in the schedule below. Halifax calculates depreciation to the nearest
At December 31, 2020, Halifax Servicing's balance sheet showed capital asset information as detailed in the schedule below. Halifax calculates depreciation to the nearest whole month. There have been no disposals or betterments since the date of purchase. 2 Actual kilometres driven were: 2020, 14,000; 2021, 68,000. Required: Complete the schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollars.) Cost information Description Date of Purchase Depreciation Cost Residual Life Method Office Equip Machinery Truck March 27/17 June 4/17 Nov 13/20 Straight-line Double-declining-balance $90,000 330 000 $14,000) 38,000 10 yr Balance of Accum. Deprec. Dec. 31, 2020 28.500 Depreciation Depreciation Expense for 2021 Balance of Accmu. Deprec Dec. 31, 2021 7.600 36.100 6 yr + Units-of-production 189.000 31.000 400.000 sq. km2
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