Question: Oz Corporation has the following assets at year end Patents net
Oz Corporation has the following assets at year-end: Patents (net), $26,000; Land, $50,000; Buildings, $175,000; Accumulated depreciation: Buildings, $57,500; Investment in held-to-maturity bonds, $12,000; Equipment, $95,000; and Accumulated depreciation: Equipment, $25,000. Prepare the property, plant, and equipment section of Oz Corporation’s year-end balance sheet.
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