Homework Answers
Answer : $1304000
Total amount of propeet plant and equipment reported on the balance sheet will be :
| Land(Location of office building) | 142000 |
| Corporate office building | 777000 |
| Equipment | 741000 |
| Office furniture | 223000 |
| Total | 1883000 |
| Less: accumulated depreciation | 579000 |
| Net property,plant and equipment | $1304000 |
Land held for future use is a long term investment and is not included in the calculation of property plant and equipment
Inventory is also not included as it is a current asset.
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