Use the Following Information for Questions

question 51

Multiple Choice

Use the following information for questions.
Financial statements for Bernard Corp. are presented below: BERNARD CORP. Total assets on the December 31, 2020 statement of financial position were $ 1,108,000. Accumulated depreciation on the equipment sold was $ 56,000.
-The book value of the buildings and equipment at December 31, 2020 was

• A) $ 508,000.
• B) $ 520,000.
• C) $ 588,000.
• D) $ 712,000.

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