A Company Has the Following Assets: Buildings and Equipment The Total Amount Reported Under Property, Plant, and Equipment Would

question 254

Multiple Choice

A company has the following assets: Buildings and Equipment, $\begin{array}{lr}{\text { less accumulated depreciation of } \$ 4,000,000} & \$ 18,000,000 \\\text { Copyrights } & 1,500,000 \\\text { Patents } & 3,000,000 \\\text { Land } & 5,000,000\end{array}$ The total amount reported under Property, Plant, and Equipment would be

• A) $27,500,000.
• B) $22,000,000.
• C) $24,500,000.
• D) $23,000,000.