A company has the following assets: Buildings and Equipment $\begin{array}{lr}
\text { less accumulated depreciation of } \$ 5,000,000 & \$ 25,000,000 \
\text { Copyrights } & 2,400,000 \
\text { Patents } & 10,000,000 \
\text { Land } & 12,000,000
\end{array}$ The total amount reported under Property Plant and Equipment would be
A)$49400000.
B)$37000000.
C)$47000000.
D)$39400000.

Question

Quizplus · Accepted Answer

The total amount reported under Property, Plant, and Equipment (PP&E) includes Buildings and Equipment less accumulated depreciation and Land. So, $25,000,000 - 5,000,000 + 12,000,000 = 32,000,000$. The correct total is $37,000,000.

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