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The Following Selected Account Balances Appear on the December 31

Question 117

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The following selected account balances appear on the December 31, 2015 balance sheet of Superchunk Co.  Land (location of the office building)  $150,000 Land (held for future use)  225,000 Office Building 800,000 Inventory 300,000 Equipment 675,000 Office Furniture 225,000 Accumulated Depreciation 640,000\begin{array} { l r } \text { Land (location of the office building) } & \$ 150,000 \\\text { Land (held for future use) } & 225,000 \\\text { Office Building } & 800,000 \\\text { Inventory } & 300,000 \\\text { Equipment } & 675,000 \\\text { Office Furniture } & 225,000 \\\text { Accumulated Depreciation } & 640,000\end{array} What is the total net amount of property, plant, and equipment that will be reported on the balance sheet?


A) $1,210,000
B) $1,435,000
C) $1,510,000
D) $1,850,000

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