Recover Co. has the following assets: Land used as plant site 50,000 Land and building classified as “held for sale assets” 780,00 0 Building used as office 500,00 0 Building rented out under an operating lease 420,00 0 Equipment being sold in the ordinary course of business 330,00 0 Office furniture 24,000 Fixtures and signage 10,000 Machinery 12,000 Automobiles (used by company officers)350,000 Delivery trucks (used by the shipping department) 420,000 Computers 70,000 Aircraft rented out to various clients 690,000 Dairy cattle (held to produce milk that is sold to customers) 10,000 Harvested milk 3,000 Apple trees (held to bear fruits that are sold to customers) 6,000 Harvested apples 2,000 How much is the total of assets classified as property, plant and equipment? a. 2,132,000 c. 2,142,000 b. 2,126,000 d. 2,148,000
73. Recover Co. has the following assets:
Land used as plant site 50,000
Land and building classified as “held for sale assets”
780,00
0
Building used as office
500,00
0
Building rented out under an operating lease
420,00
0
Equipment being sold in the ordinary course of business
330,00
0
Office furniture 24,000
Fixtures and signage 10,000
Machinery 12,000
Automobiles (used by company officers)350,000 Delivery trucks (used by the shipping department) 420,000
Computers 70,000
Aircraft rented out to various clients 690,000
Dairy cattle (held to produce milk that is sold to customers) 10,000
Harvested milk 3,000
Apple trees (held to bear fruits that are sold to customers) 6,000
Harvested apples 2,000
How much is the total of assets classified as property, plant and equipment?
a. 2,132,000 c. 2,142,000
b. 2,126,000 d. 2,148,000
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