Question: At December 3 1 , 2 0 2 2 , Dynamic Exploration s balance sheet showed total PPE assets of $ 9 6 2 ,
At December Dynamic Explorations 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.
Cost InformationDepreciationDescriptionDate of PurchaseDepreciationMethodCostResidualLifeBalance of Accum.
Deprec.
Dec. BuildingMay SL$$ yr$Modular FurnitureMay SL yrTruckJanDDB yr
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 Explorations classified balance sheet at December
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