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Accounts Payable $ 55,000 Land $ 90,000 Inventory $ 10,500 Accounts Receivable $ 7,500 Equipment $ 8,000 Deferred Revenue $ 58,500 Short-Term Investments $ 20,000 Notes Receivable (due in 8 months) $ 45,500 Interest Payable $ 2,000 Patents $ 75,000What is the total amount of property, plant, and equipment assuming the accounts above reflect normal activity?

Respuesta :

Answer:

$98,000

Explanation:

 The computation of the total amount of property, plant, and equipment is shown below:

= Land + equipment

= $90,000 + $8,000

= $98,000

These two above items are classified under the  property, plant, and equipment  and the same is to be considered while calculating it

Hence, all other information which is given is not relevant. Hence, ignored it

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