Question: Use the following data to determine the total dollar amount of assets to be classified as property plant and equipment Cash Accounts receivable Inventory Prepaid
Use the following data to determine the total dollar amount of assets to be classified as property plant and equipment
Cash Accounts receivable Inventory Prepaid insurance Stock Investments Land Buildings Less: Accumulated depreciation Patent Total assets O $539000 O $402000 O $482000 O $341500 $203000 (60500) Swifty Corporation Balance Sheet December 31, 2022 $72000 103500 140500 81500 197500 199000 142500 100500 $1037000 Accounts payable Salaries and wages payable Mortgage payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $140500 18900 175500 $334900 $198600 503500 $702100 $1037000
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