A company has the following assets: Buildings and Equipment, $\begin{array}{lr}
\text { less accumulated depreciation of } \$ 5,000,000 & \$ 35,000,000 \
\text { Copyrights } & 2,400,000 \
\text { Patents } & 10,000,000 \
\text { Land } & 12,000,000
\end{array}$ The total amount reported under Property, Plant, and Equipment would be
A) $59,400,000.
B) $47,000,000.
C) $57,000,000.
D) $49,400,000.

Question

Quizplus · Accepted Answer

Property, Plant, and Equipment includes Buildings and Equipment (net of accumulated depreciation) and Land. The net value of Buildings and Equipment is $35,000,000 - $5,000,000 = $30,000,000. Adding Land ($12,000,000) gives a total of $42,000,000.

A Company Has the Following Assets: Buildings and Equipment The Total Amount Reported Under Property, Plant, and Equipment Would