These are selected account balances on December 31, 2008. - 3218

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Request Description

These are selected account balances on December 31, 2008.

Land (location of the corporation's office building) $150,000

Land (held for future use) 225,000

Corporate Office Building 900,000

Inventory 300,000

Equipment 675,000

Office Furniture 150,000

Accumulated Depreciation 450,000

What is the net amount of property, plant, and equipment that will appear on the balance sheet?

A.  $1,650,000

B.  $2,400,000

C.  $1,950,000

D.  $1,425,000

Solution Description

These are selected account balances on December 31, 2008.

Land (location of the corporation's office building) $150,000