Depreciation of the tangible (fixed) assets is calculated on an annual basis using the straight-line method. Other than the leased asset in g, there were NO purchases or sales of assets during the year.

Please perform depreciation calculations and create any required journal entries.

Acquisition Asset Category Number Useful Life (Yrs) Accumulated Depreciation to 12/31/19 Depreciation Expense 2020 Accumulated Depreciation to 12/31/20 Adjustments to 12/31/20 Description Date Cost NBV Land 1 acre - 11th Line 401 Main Street .5 acre 402 Main Street 05/31/19 09/01/15 09/01/15 100,000.00 200,000.00 20,000.00 320,000.00 Building 2015-01 2015-09 2016-09 401 Main Street 410 Main Street 406 Main Street 09/01/15 02/1/15 08/1/16 40 40 1,863,361.00 150,000.00 945,000.00 2,958,361.00 232,920.13 18,375.00 80,325.00 331,620.13 40 6 6 Equipment 2015-02 2013 Ford F150 Truck 02/01/15 2016-03 2014 Dodge Ram Truck 03/31/16 2018-04 Toro lawn mower 06/30/18 2018-05 2007 John Deere Excavator 09/01/18 2018-06 2009 Cat Backhoe 09/01/18 2018-07 2004 Case Tractor 10/01/18 2018-08 3 wagons 10/01/18 2019-10 2018 Chev Truck 03/01/19 2019-11 2010 Toyota Tundra 05/31/19 2019-12 2017 Kenworth 07/31/19 2019-13 2015 Loader 08/01/19 2019-14 1996 Grader 12/01/19 2019-15 Flat-bed Trailer 12/01/19 4 12 12 12 4 6 8,590.00 15,600.00 2,300.00 25,000.00 12,300.00 9,800.00 3,000.00 35,600.00 18,750.00 220,500.00 18,165.00 7,200.00 12,300.00 389,105.00 6,585.67 9,620.00 862.50 2,916.67 1,435.00 1,143.33 1,050.00 4,944.44 1,822.92 15,312.50 630.73 50.00 85.42 6 6 12 12 12 46,459.17 Right of Use Asset Leased Machine PV TOTAL $3,667,466.00 $ 378,079.30 $ $ $ $