Problem 9-10A Calculating depreciation; partial year's depreciation LO2,3

CHECK FIGURE: Deprec. Expense 2021: Office equip. = $3,800; Machinery = $19,638; Truck = $23,664

At December 31, 2020, Halifax Servicing's balance sheet showed capital asset information as detailed in the schedule below. Halifax calculates depreciation to the nearest whole month.

5 - Graded LP1.2 Assignment: X Virtual Classroom - accBFQ05 x r Class Corporate Accounting it X aww Problems X *Homework Help - Q&A from x + X C A prod.reader-ui.prod.mheducation.com/epub/sn_beeda/data-uuid-f0209da778ab4eOf83c63760e7bdbd11 Homework Help - Q&A from Online G kk Paused Tutors - Course Hero coursehero.com Aa At December 31, 2020, Halifax Servicing's balance sheet showed capital asset information as detailed in the schedule below. Halifax calculates depreciation to the nearest whole month. Cost Information Depreciation Balance of Balance of Date of Depreciation Accum. Deprec. Depreciation Accum. Deprec. Description Purchase Method Cost1 Residual Life Dec. 31, 2020 Expense for 2021 Dec. 31, 2021 Office March Straight-line $ $14,000 10 yr. Equip. 27/17 52,000 Machinery June 4/17 Double- 275,000 46,000 6 yr. declining- balance Truck Nov. 13/20 Units-of- 113,000 26,000 250,000 production km- There have been no disposals or betterments since the date of purchase. 2 Actual kilometres driven were 2020, 14,000; 2021, 68,000. Required Complete the schedule (round only your final answers). Page 675 Type here to search 11:55 PM O 3.C Clear 10/13/2021 26