Boulder Corp.has the following assets:Buildings and Equipment (net) $12,500,000Trade Receivables 1,600,000Inventory 2,300,000Land 1,500,000The total amount reported under Property, Plant, and Equipment would beA) $14,000,000.B) $16,300,000.C) $20,500,000.D) $17,900,000.

Question

Boulder Corp.has the following assets:Buildings and Equipment (net)  $12,500,000Trade Receivables 1,600,000Inventory 2,300,000Land 1,500,000The total amount reported under Property, Plant, and Equipment would beA) $14,000,000.B) $16,300,000.C) $20,500,000.D) $17,900,000.

BROOKE PARADISE · Accepted Answer

Final Answer : A, Explanation :  Property, Plant, and Equipment (PP&E) typically includes tangible assets like Buildings and Equipment, and Land. In this case, Buildings and Equipment (net) are $12,500,000 and Land is $1,500,000. Adding these together gives $14,000,000. Trade Receivables and Inventory are not considered part of PP&E.

Boulder Corp.has the following assets:
Buildings and Equipment (net) $12,500,000
Trade Receivables 1,600,000
Inventory 2,300,000
Land 1,500,000
The total amount reported under Property, Plant, and Equipment would be

A) $14,000,000.
B) $16,300,000.
C) $20,500,000.
D) $17,900,000.

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Boulder Corp.has the following assets: Buildings and Equipment (net) $12,500,000Trade Receivables 1,600,000Inventory 2,300,000Land 1,500,000The total amount reported under Property, Plant, and Equipment would beA) $14,000,000.B) $16,300,000.C) $20,500,000.D) $17,900,000.

Definitions

Learning Objectives

Learning Objectives

Related questions

Boulder Corp.has the following assets:
Buildings and Equipment (net) $12,500,000
Trade Receivables 1,600,000
Inventory 2,300,000
Land 1,500,000
The total amount reported under Property, Plant, and Equipment would be

A) $14,000,000.
B) $16,300,000.
C) $20,500,000.
D) $17,900,000.