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

question 7

Multiple Choice

A company has the following assets: $\begin{array}{lr}\text { Buildings and Equipment, } \\\quad \text { less accumulated depreciation of } \$ 4,000,000 & \$ 23,000,000 \\\text { Copyrights } & 1,500,000 \\\text { Patents } & 3,000,000 \\\text { Land } & 5,000,000\end{array}$ The total amount reported under Property Plant and Equipment would be

• A)$32500000.
• B)$27000000.
• C)$29500000.
• D)$28000000.

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