The Following Assets Are Included in Bruce Auto Parts, Inc

question 88

Multiple Choice

The following assets are included in Bruce Auto Parts, Inc.'s December 31, 2010, balance sheet. $\begin{array}{ll} & \text { Accounts Receivable } \\\$ 50,000&\text { (net of Allowance for Uncollectible Accounts) } \\30,000 & \text { Accumulated Depreciation, Building } \\100,000 & \text { Building } \\60,000 & \text { Cash } \\130,000 & \text { Land } \\40,000 & \text { Land Held for Future Use } \\70,000 & \text { Merchandise Inventory } \\110,000 & \text { Trademark }\end{array}$ The total dollar amount of assets classified as property, plant, and equipment on Bruce Auto Parts' December 31, 2010, classified balance sheet is:

• A) $200,000.
• B) $230,000.
• C) $240,000.
• D) $310,000.

---

Definitions:

Implanted

The act or process of inserting or grafting an object or material, typically for medical purposes, into a body.

Circulatory System

The body's system responsible for transporting blood, nutrients, gases, and wastes, involving the heart, blood vessels, and blood.

Miscarriage

The spontaneous loss of a pregnancy before the fetus can survive outside the womb, typically occurring within the first 20 weeks of gestation.

Environmental Hazards

Physical, chemical, and biological factors external to a person that can cause harm or adverse health effects.