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Problem:

These are selected account balances on December 31, 2015.

Land (location of the office building)	$100,000
Land (held for future use)	150,000
Office Building	700,000
Inventory	200,000
Equipment	450,000
Office Furniture	150,000
Accumulated Depreciation	425,000

Required:

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

Note: Please show the work not just the answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164017

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