What is the net amount of property-plant and equipment

Assignment Help Accounting Basics

Reference no: EM13144328

These are selected account balances on December 31, 2008.

Land (location of the corporation's office building) $150,000
Land (held for future use) 225,000
Corporate Office Building 900,000
Inventory 300,000
Equipment 675,000
Office Furniture 150,000
Accumulated Depreciation 450,000

What is the net amount of property, plant, and equipment that will appear on the balance sheet?

Reference no: EM13144328

Questions Cloud

Implied annual interest rate inherent in credit terms : Farewell company purchased merchandise with an invoice price of $2000 and credit terms of 2/10, n/30. Assuming a 360 day year, what is the implied annual interest rate inherent in the credit terms?

Illustrate the entire audit process with a short example : Illustrate the entire audit process with a short example of each phase. Determine which phase of the audit process you feel is the most important. Defend your selection.

Shares of common stock of long corporation : Cayuga Meadows purchased 42,000 shares of common stock of Long Corporation as a long-term investment for $1,000,000. During the year, Long Corporation reported net income of $500,000 and paid dividends of $200,000.Instructions:

What is the difference between volume-based cost drivers : What is the difference between volume-based cost drivers and activity-based cost drivers? Why do activity-based cost drivers provide more accurate allocations of overhead in an automated manufacturing environment? Briefly describe the activity-ba..

What is the net amount of property-plant and equipment : What is the net amount of property, plant, and equipment that will appear on the balance sheet?

How much could normal sales drop before all profit : Compute the effect on income if Cornish accepts the special order. If Cornish accepts the special order, how much could normal sales drop before all of the differential profits disappear?

At what price would gorga be indifferent to roseland offer : By how much would Gorga's profits change if 15,000 of part QT34 are purchased from Roseland? At what price would Gorga be indifferent to Roseland's offer?

Computing profit margin on sales : If the company can not cut costs any lower than they already are what would the profit margin on sales be if they meet the market selling price

What was the firms budgeted payables balance : If purchases for April, May, and June were $200,000, $160,000, and $250,000, respectively, what was the firm's budgeted payables balance on June 30?

User Account

All Pages