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Exercise 9-11 Balance sheet presentation LO2 At December 31, 2022. Dynamic Exploration's balance sheet showed total PPE assets of $1,006,400 and total accumulated depreciation of
Exercise 9-11 Balance sheet presentation LO2 At December 31, 2022. Dynamic Exploration's balance sheet showed total PPE assets of $1,006,400 and total accumulated depreciation of $435,175 as detalled in the PPE Subledger below. Dynamic calculates depreciation to the noaract whala month. SA-Straight-Line; DDB-Double-Declining-Balance. 2 There have been no disposals or subsequent capitat expenditures since the date of purchase. Assume that the oniy other assets at December 31,2022 , were total current assets of $352000. Prepare the asset section of Dynamic Exploration's classified balance sheet at December 31, 2022
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