Use the following information to answer questions.
-The total dollar amount of assets to be classified as net property, plant, and equipment is
A) $329,500.
B) $164,500.
C) $252,000.
D) $235,000.

Question

Use the following information to answer questions. 
-The total dollar amount of assets to be classified as net property, plant, and equipment is
A) $329,500. 
B) $164,500. 
C) $252,000. 
D) $235,000.

Quizplus · Accepted Answer

Net property, plant, and equipment is calculated as the total of property, plant, and equipment minus accumulated depreciation. In this case, the total of property, plant, and equipment is $394,000 and the accumulated depreciation is $64,500, so the net property, plant, and equipment is $394,000 - $64,500 = $329,500.

Use the Following Information to Answer Questions