Question: List the errors you find in the following partial balancesheet: CHICO COMPANY Balance Sheet December 31, 2012 Assets Total current assets $350,000 Replacement Cost Accumulated

List the errors you find in the following partial balancesheet:

CHICO COMPANY Balance Sheet December 31, 2012 Assets Total current assets $350,000 Replacement Cost Accumulated Depreciation Book Value Property, plant, and equipment: Land Buildings Factory equipment Office equipment Patents Goodwill 250,000 400,000 330,000 72,000 48,000 90,000 20,000 150,000 175,200 48,000 $230,000 250,000 154,800 24,000 48,000 87,000 3,000 Total property plant, and equipment $1,190,000 396,200 793,800

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