The total dollar amount of assets to be classified as current assets is $205000. $360000. $538000. $133000.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information is for Skysong Auto Supplies:

SkysongReal Estate
Balance Sheet
December 31, 2020
Cash
 
$  40000
 
Accounts Payable
   
$  128000
Prepaid Insurance
 
79000
 
Salaries and Wages Payable
   
45000
Accounts Receivable
 
98000
 
Mortgage Payable
   
155000
Inventory
 
143000
 
      Total Liabilities
   
328000
Land Held for Investment
 
178000
         
Land
 
246000
         
Buildings
$200000
           
      Less Accumulated
            Depreciation
     
Owner's Capital
   
739000
(55000)
145000
         
Trademark
 
138000
 
      Total Liabilities and
         Owner’s Equity
     
Total Assets
 
$1067000
     
$1067000


The total dollar amount of assets to be classified as current assets is

$205000.
$360000.
$538000.
$133000.
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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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