Exercise 9-10 Calculating depreciation LO2 At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $991,800 and total accumulated depreciation of $428,376 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 Description Date of Purchase Cost2 Method1 Balance of Residual Life Accum. Deprec. Dec. 31, 2019 Depreciation Depreciation Expense for 2020 Balance of Accum. Deprec Dec. 31, 2020 Building May 2, 2014 SAL S 780,000 $ 315,000 10 yr. S 263,500 Modular Furniture May 2, 2014 S/L 118,800 06 yr 112,200 Truck Jan. 25, 2017 DOB 93,000 16,500 8 yr 52,676 1S/L-Straight-Line: DDB-Double-Declining-Balance. 2 There have been no disposals or betterments since the date of purchase. Check my work