Homework Answers
Calculations for Total Property Plant and Equipment:-
Balance Sheet (Partial)
December 31,2020
| Accounts | Amount | Amount |
|---|---|---|
| Assets:- | ||
| Property Plant and Equipment:- | ||
| Land | $44,800 | |
| Building | 320,000 | |
| Less:- Accumulated Depreciation, Building | (40,000) | |
| Equipment | 64,000 | |
| Less:- Accumulated Depreciation, Equipment | (8,000) | |
| Total Property Plant and Equipment | $380,800 | |
So the Total Property Plant and Equipment is $380,800.
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