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At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $904.200 and...

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Accounting

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At December 31, 2019, Dynamic Exploration's balance sheet showed total PPE assets of $904.200 and total accumulated depreciation of $387,577 as detailed in the PPE Subledger below. Dynamic calculates depreciation to the nearest whole month Cost Information Depreciation Balance of Accum. Depreciation Deprec. Description Date of Purchase Method Residual Life Dec 31, 2019 Building May 2, 2014 S/L $720,000 $285,000 10 yr. $246,500 Modular Furniture May 2, 2014 S/L 97,200 & yr. 91,800 Truck Jan 25, 2017 87.000 13,500 49,277 Costa 000 Byr 1 08 2 1S/L-Straight-Line: DDB-Double-Declining-Balance There have been no disposals or subsequent capital expenditures since the clote of purchase Assume that the only other assets at December 31, 2019, were total current assets of $345,000. Prepare the asset section of Dynamic Exploration's classified balance sheet at December 31, 2019 DYNAMIC EXPLORATION Partial Balance Sheet December 31, 2019 Assets Current assets Next > DYNAMIC EXPLORATION Partial Balance Sheet December 31, 2019 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

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