Problem $1$

At December $31,2025,$ Arnold Corporation reported the following plant assets:

$\backslash$table$[[$Land$,$$$3,000,000],[$Buildings$,$$$26,500,000],[$Less: Accumulated depreciation $-$ buildings,$11,925,],[$Equipment$,$$$40,000,000],[$Less: Accumulated depreciation $-$ equipment,$5,{000}_{,}{000}_{\text{\$}}{35}_{,}{000}_{,}{000}_{?}$