Use the Following Information for Questions

question 82

Multiple Choice

Use the following information for questions.
Financial statements for Kiner Company are given below:

Total assets on the statement of financial position at December 31, 2011 are $2,216,000.Accumulated deprecia-tion on the equipment sold was $112,000.
-The book value of the buildings and equipment at December 31, 2011 was

• A)$1,016,000.
• B)$1,040,000.
• C)$1,424,000.
• D)$1,176,000.

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