The following assets are included in Fortible Auto Parts, Inc.'s December 31, 2016, balance sheet. Accounts Receivable
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Question:
The following assets are included in Fortible Auto Parts, Inc.'s December 31, 2016, balance sheet.
| Accounts Receivable (net of Allowance for Uncollectible Accounts) | $ 65,000 |
| Accumulated Depreciation, Building | 32,000 |
| Building | 150,000 |
| Cash | 80,000 |
| Land | 160,000 |
| Merchandise Inventory | 90,000 |
| Trademark | 125,500 |
The total dollar amount of assets classified as property, plant, and equipment on Fortible Auto Part's December 31, 2016, classified balance sheet is:
a.$250,000.
b.$278,000.
c.$375,000.
d.$310,000.
Expert Answer:
Related Book For 
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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