Refer to the information above. If total assets of Hercules Manufacturing, Inc. are $556,000, Equipment is carried in Hercules Manufacturing accounting records at:
A. $377,000.
B. $179,000.
C. $150,000.
D. $90,000.
B
Cash ($7,000) + A/R ($30,000) + Land ($90,000) + Building ($250,000) + Equipment (?) = $556,000
Equipment = $179,000
Business
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