Question: At December 3 1 , 2 0 2 2 , Dynamic Exploration s balance sheet showed total PPE assets of $ 8 0 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.
Required:
Complete the schedule by calculating depreciation expense for for each asset and then determining the balance of accumulated depreciation at December Do not round intermediate calculations and round the final answers to nearest whole dollar. Building May StraightLine; Cost $ Residual $year life, Balance of Accum. Deprec. Dec $ Modular Furniture May StraightLine; Cost $ Residual $year life, Balance of Accum. Deprec. Dec $ Truck Jan DoubleDecliningBalance; Cost $ Residual $year life, Balance of Accum. Deprec. Dec $ There have been no disposals or betterments since the date of purchase.
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