What is the net amount of property, plant, and equipment that will appear on the balance sheet?

These are selected account balances on December 31, 2008.
Land (location of the corporation’s office building) $100,000
Land (held for future use) 150,000
Corporate Office Building 600,000
Inventory 200,000
Equipment 450,000
Office Furniture 100,000
Accumulated Depreciation 300,000

What is the net amount of property, plant, and equipment that will appear on the balance sheet?

A. $1,600,000
B. $950,000
C. $1,300,000
D. $1,100,000


BUS 475

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