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These are selected account balances on December 31, 2022.

Land $147500
Land (held for future use) 224500
Buildings 1175000
Inventory 245000
Equipment 684000
Furniture 144000
Accumulated Depreciation 450000

What is the total amount of property, plant, and equipment that will appear on the balance sheet?
A. $2675500
B. $1925000
C. $2225500
D. $1700500

User Andy Mango
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1 Answer

1 vote

Final answer:

The total amount of property, plant, and equipment that will appear on the balance sheet is $1,700,500.

Step-by-step explanation:

The total amount of property, plant, and equipment that will appear on the balance sheet can be calculated by adding the values of land, buildings, equipment, and furniture. Since the land held for future use is not considered part of the property, plant, and equipment, we will exclude it from the calculation. The accumulated depreciation should be subtracted from the total. Let's calculate:

Property, plant, and equipment = Land + Buildings + Equipment + Furniture - Accumulated Depreciation

Property, plant, and equipment = $147,500 + $1,175,000 + $684,000 + $144,000 - $450,000

Property, plant, and equipment = $1,700,500

Therefore, the total amount of property, plant, and equipment that will appear on the balance sheet is $1,700,500. So the correct answer is option D. $1,700,500.

User Anupriya
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