These Are Selected Account Balances on December 31, 2015 What Is the Total Net Amount of Property, Plant, and

Multiple Choice

These are selected account balances on December 31, 2015. $$\begin{array} { l r } \text { Land (location of the office building) } & \$ 100,000 \\\text { Land (held for future use) } & 150,000 \\\text { Office Building } & 700,000 \\\text { Inventory } & 200,000 \\\text { Equipment } & 450,000 \\\text { Office Furniture } & 150,000 \\\text { Accumulated Depreciation } & 425,000\end{array}$$ What is the total net amount of property, plant, and equipment that will appear on the balance sheet?

A) $975,000
B) $1,125,000
C) $1,175,000
D) $1,400,000