The following selected account balances appear on the December 31 2016 balance sheet of Gigante Co. $\begin{array}{lr}
\text { Land (location of the corporation's office building) } & \$ 155,000 \
\text { Land (held for future use) } & 225,000 \
\text { Corporate Office Building } & 850,000 \
\text { Inventory } & 300,000\
\text { Equipment } & 674,000 \
\text { Office Furniture } & 221,000 \
\text { Accumulated Depreciation } & 650,000
\end{array}$ What is the total net amount of property plant and equipment that will be reported on the balance sheet?
A) $1250000
B) $1475000
C) $1550000
D) $1906000

Question

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The Answer of The following selected account balances appear on the December 31 2016 balance sheet of Gigante Co. $\begin{array}{lr}
\text { Land (location of the corporation's office building) } & \$ 155,000 \
\text { Land (held for future use) } & 225,000 \
\text { Corporate Office Building } & 850,000 \
\text { Inventory } & 300,000\
\text { Equipment } & 674,000 \
\text { Office Furniture } & 221,000 \
\text { Accumulated Depreciation } & 650,000
\end{array}$ What is the total net amount of property plant and equipment that will be reported on the balance sheet?
A) $1250000
B) $1475000
C) $1550000
D) $1906000

The Following Selected Account Balances Appear on the December 31