Question: At December 3 1 , 2 0 2 2 , Dynamic Exploration's balance sheet showed total PPE assets of $ 9 3 3 ,
At December Dynamic Exploration's balance sheet showed total PPE assets of $ and total accumulated depreciation of $ as detailed in the PPE Subledger below. Dynamic calculates depreciation to the nearest whole month.
SLStraightLine; DDBDoubleDecliningBalance.
There have been no disposals or subsequent capital expenditures since the date of purchase.
Assume that the only other assets at December were total current assets of $ Prepare the asset section of Dynamic Exploration's classified balance sheet at December begintabularccccc
hline multicolumncDYNAMIC EXPLORATION
hline multicolumncPartial Balance Sheet
hline multicolumncDecember
hline multicolumnlAssets
hline Current assets & & & $ &
hline multicolumnlProperty plant, and equipment:
hline Furniture & $ & & &
hline multicolumnlLess: Accumulated depreciation
hline multicolumnlBuilding
hline multicolumnlLess: Accumulated depreciation
hline multicolumnlTruck
hline multicolumnlLess: Accumulated depreciation
hline Total property, plant, and equipment & & & $ &
hline Total assets & & & $ &
hline
endtabular
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