At December 31, 2019, Dynamic Exploration’s balance sheet showed total PPE assets of $904,200 and total accumulated depr
Posted: Tue Jul 05, 2022 11:50 am
At December 31, 2019, Dynamic Exploration’s balance sheet showedtotal PPE assets of $904,200 and total accumulated depreciation of$387,577 as detailed in the PPE Subledger below. Dynamic calculatesdepreciation to the nearest whole month.Required:Complete the schedule by calculating depreciation expense for 2020for each asset and then determining the balance of accumulateddepreciation at December 31,2020. (Do not round intermediatecalculations and round the final answers to nearest wholedollar.)