Exercise 9-11 Balance sheet presentation LO2 At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $1,064,800 and total accumulated depreciation of $462,375 as detailed in the PPE Subledger below. Dynamic calculates depreciation to the nearest whole month. Description Cost Information Depreciation Date of Purchase Method Cost? Residual Building May 2, 2014 S/L Modular Furniture Truck May 2, 2014 S/L $830,000 $340,000 136,800 Life 10 yr. 0 6 yr. Jan. 25, 2017 DDB 98,000 19,000 8. yr. Depreciation Balance of Accum. Deprec. Dec. 31, 2019 $277,667 129,200 55,508 1S/L-Straight-Line; DDB-Double-Declining-Balance. 2 There have been no disposals or subsequent capital expenditures since the date of purchase. Assume that the only other assets at December 31, 2019, were total current assets of $356,000. Prepare the asset section of Dynamic Exploration's classified balance sheet at December 31, 2019. DYNAMIC EXPLORATION Assets Current assets Property, plant and equipment: Furniture Less: Accumulated depreciation Building Less: Accumulated depreciation Truck Less: Accumulated depreciation Total property, plant and equipment Total assets Partial Balance Sheet December 31, 2019 $ $ 0