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. \$1,425,000 C. \$2,400,000 D. \$1,950,000
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Updated 5/20/2023 12:24:27 AM
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User: 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. \$1,425,000 C. \$2,400,000 D. \$1,950,000

Weegy: C. \$2,400,000

Question
Updated 5/20/2023 12:24:27 AM
This conversation has been flagged as incorrect.
Rating
3
Total property, plant, and equipment value = Land (location of the corporation's office building) + Land (held for future use) + Corporate Office Building + Inventory + Equipment + Office Furniture

Total value = \$150,000 + \$225,000 + \$900,000 + \$300,000 + \$675,000 + \$150,000 = \$2,400,000

Net amount = Total value - Accumulated Depreciation = \$2,400,000 - \$450,000 = \$1,950,000

Therefore, the correct answer is \$1,950,000.

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