Question: Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Eddy Auto Supplies Balance Sheet
Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Eddy Auto Supplies Balance Sheet December 31, 2017 126,000 Accounts payable Cash Accounts receivable Inventory Prepaid insurance Stock investments S 165,000 Salaries and wages payable 120,000 30,000 210,000 90,000Mortgage payable 255,000 285,000 270,000 $465,000 Total liabilities $360,000 Common stock Buildings Less: Accumulated Depreciation Trademarks Total assets S339,000 750.000 279,000 (60.000) Retained earnings $1,110,000 S1,575.000 Total stockholders' equity Total liabilities and and stockholders' equity 210.000 S1,575.000 $1,029,000 O $774,000 $834,000 $564,000
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