Huron has provided the following year-end balances: Cash, $25,000
Patents, $7,900
Accounts receivable, $9,300
Property, plant, and equipment, $98,700
Prepaid insurance, $3,600
Accumulated depreciation, $10,000
Inventory, $37,000
Trademarks, $12,600
Goodwill, $11,000
How much are Huron's net noncurrent assets?
A) $122,300.
B) $120,200.
C)$123,800.
D)$112,300.

Question

Quizplus · Accepted Answer

The net noncurrent assets are the total of all noncurrent assets minus accumulated depreciation. Therefore, the calculation is: $98,700 + $7,900 + $12,600 + $11,000 - $10,000 = $120,200.

Huron Has Provided the Following Year-End Balances: Cash, $25,000