At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $1,094,000 and total accumulated de

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At December 31 2019 Dynamic Exploration S Balance Sheet Showed Total Ppe Assets Of 1 094 000 And Total Accumulated De 1 (65.03 KiB) Viewed 7 times

At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $1,094,000 and total accumulated depreciation of $475,974 as detailed in the PPE Subledger below. Dynamic calculates depreciation to the nearest whole month. Cost Information Description Building Modular Furniture Truck Date of Purchase. May 2, 2014 May 2, 2014 Jan. 25, 2017 Assets Current assets Property, plant and equipment: Depreciation Method 1S/L-Straight-Line; DDB-Double-Declining-Balance. 2 There have been no disposals or subsequent capital expenditures since the date of purchase. DYNAMIC EXPLORATION Partial Balance Sheet December 31, 2019 Furniture Less: Accumulated depreciation Building Less: Accumulated depreciation S/L 5/L DOB Truck Less: Accumulated depreciation Total property, plant and equipment Total assets Cost2 Residual Life $850,000 $350,000 144,000 100,000 20,000 e Assume that the only other assets at December 31, 2019, were total current assets of $358.000. Prepare the asset section of Dynamic Exploration's classified balance sheet at December 31, 2019. $ 358,000 10 yr. буг. в уг- S $ 0 358.000 Depreciation Balance of Accum. Deprec. Dec 31, 2019 $283,333 136,000 56,641