Question

Archer Carp has the blowing account acested in order AccuW D Mortgage Payable $42.000, Prepaid urance 5.500 Supplies $1.000 Uneamed Revenue 3 18 OB A 4.000 Wages payabil 2.000 Eoviment. 546.000, Land. $21,000. P 1700. Accu Receivable $13.000 Cash 58.000. Archer's longemasse OA $40.000 OB. 566.500 OC. $21.500 OD $15.000

Answer 1

Long Term Assets = Equipment + Land - Accumulated Depreciation

Long Term Assets = $46,000 + $21,000 - $18,000

Long Term Assets = $49,000

Option 'A' is correct