The Balances of Select Accounts of Donovan Company as of December

question 46

Multiple Choice

The balances of select accounts of Donovan Company as of December 31,2018 are given below. $$\begin{array} { | l | r | r | } \hline & { \text { Debit } } & \text { Credit } \\\hline \text { Building } & \$ 130,000 & \\\hline \text { Cash } & 9,000 & \\\hline \text { Office Supplies } & 800 & \\\hline \text { Furniture } & 6,000 & \\\hline \text { Prepaid Insurance } & 450 & \\\hline \text { Accumulated Depreciation-Furniture } & & \$ 3,000 \\\hline \text { Land } & 30,000 & \\\hline \text { Accumulated Depreciation-Building } & & 4,300 \\\hline \text { Accounts Receivable } & 3,000 & \\\hline\end{array}$$ What amount of total long-term assets would be shown on the balance sheet at December 31,2018?

• A) $130,000
• B) $158,700
• C) $160,000
• D) $166,000

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