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
Retained earnings,15,500
Trademarks,$12,600
Accounts payable,$8,000
Goodwill,$11,000
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How much are Huron's net noncurrent assets?
A)$122,300.
B)$120,200.
C)$123,800.
D)$112,300.

Question

Quizplus · Accepted Answer

Net noncurrent assets equal property, plant, and equipment ($98,700) plus patents ($7,900) plus trademarks ($12,600) plus goodwill ($11,000) minus accumulated depreciation ($10,000). 
$98,700 + $7,900 + $12,600 + $11,000 - $10,000 = $120,200. Therefore, the net noncurrent assets are $120,200.

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