Question: List the errors you find in the following partial balancesheet: HOBART COMPANY Balance Sheet December 31, 2010 Assets $ 350,000 Total current assets Replacement Accumulated

List the errors you find in the following partial balancesheet:

HOBART COMPANY Balance Sheet December 31, 2010 Assets $ 350,000 Total current assets Replacement Accumulated Book Depreciation Cost Value Property, plant, and equipment: Land $ 60,000 S 12,000 45,600 175,200 $ 48,000 Buildings Factory equipment Office equipment 156,000 110,400 330,000 154,800 72,000 48,000 24,000 Patents 48,000 48,000 Goodwill 27,000 3,000 24,000 Total property plant, and equipment $693,000 $283,800 409,200

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