What is the total amount of property, plant, and equipment that will appear on the balance sheet?
These are selected account balances on December 31, 2007.
Land (location of the corporation's office building) ...................$100,000
Land (held for future use) .....150,000
Corporate Office Building ....600,000
Inventory ............................200,000
Equipment ...........................450,000
Office Furniture ...................100,000
Accumulated Depreciation ..300,000
a. $1,300,000
b. $1,100,000
c. $1,600,000
d. $950,000
Ans: d. $950,000
You might also like to view...
A major role played by intermediaries is to buy large quantities of products from many producers and break them down into the smaller quantities and broader assortments wanted by consumers
Indicate whether the statement is true or false
A new retail location with high trading-area overlap to an existing location is preferable when _____
a. the primary areas are circular in shape b. the primary trading area is small c. the primary trading area is large d. a retailer may not be able to negotiate a satisfactory lease renewal on the present location