A company has the following assets: $$\begin{array} { l r }
\text { Buildings and Equipment, less accumulated depreciation of } \$ 2,000,000 & \$ 9,600,000 \
\text { Copyrights } & 960,000 \
\text { Patents } & 4,000,000 \
\text { Timberlands, less accumulated depletion of } \$ 2,800,000 & 4,800,000
\end{array}$$ The total amount reported under Property, Plant, and Equipment would be
A) $19,360,000.
B) $14,400,000.
C) $18,400,000.
D) $15,360,000.

Question

A company has the following assets: $$\begin{array} { l r } 
\text { Buildings and Equipment, less accumulated depreciation of } \$ 2,000,000 & \$ 9,600,000 \
\text { Copyrights } & 960,000 \
\text { Patents } & 4,000,000 \
\text { Timberlands, less accumulated depletion of } \$ 2,800,000 & 4,800,000
\end{array}$$ The total amount reported under Property, Plant, and Equipment would be
A) $19,360,000.
B) $14,400,000.
C) $18,400,000.
D) $15,360,000.

Quizplus · Accepted Answer

Property, Plant, and Equipment includes Buildings and Equipment ($9,600,000) and Timberlands ($4,800,000), totaling $14,400,000.

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