Exercise 9-10 Calculating depreciation LO2 At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $816,600 and total accumulated depreciation of $346,779 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 Method1 Depreciation Balance of Depreciation Description Date of Purchase Cost2 Residual Life Accum. Deprec. Dec. 31, 2019 Expense for 2020 Balance of Accum. Deprec. Dec. 31, 2020 Building Modular Furniture May 2, 2014 S/L $ 660,000 $ May 2, 2014 S/L 75,600 255,000 10 yr. $ 06 yr 229,500 71,400 Truck Jan. 25, 2017 DDB 81,000 10,500 8 yr. 45,879