FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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These are selected account balances on December 31, 2016.
Land (location of the corporation's office building)
$140,000
Land (held for future use)
150,000
Corporate Office Building
750,000
Inventory
200,000
Equipment
480,000
Office Furniture
150,000
Accumulated Depreciation
435,000
What is the total net amount of property, plant, and equipment that will appear on the balance
sheet?
Select one:
a. $1,085,000
b. $1,520,000
C. $1,285,000
d. $1,235,000
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Transcribed Image Text:These are selected account balances on December 31, 2016. Land (location of the corporation's office building) $140,000 Land (held for future use) 150,000 Corporate Office Building 750,000 Inventory 200,000 Equipment 480,000 Office Furniture 150,000 Accumulated Depreciation 435,000 What is the total net amount of property, plant, and equipment that will appear on the balance sheet? Select one: a. $1,085,000 b. $1,520,000 C. $1,285,000 d. $1,235,000
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