=+476 Chapter 10 Fixed Assets and Intangible Assets Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $350,000 Replacement Accumulated Book Cost Depreciation Value Property, plant, and equipment:

Land . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 60,000 $ 12,000 $ 48,000 Buildings . . . . . . . . . . . . . . . . . . . . . . . . 156,000 45,600 110,400 Factory equipment . . . . . . . . . . . . . . . . . 330,000 175,200 154,800 Office equipment . . . . . . . . . . . . . . . . . . 72,000 48,000 24,000 Patents . . . . . . . . . . . . . . . . . . . . . . . . . 48,000 — 48,000 Goodwill . . . . . . . . . . . . . . . . . . . . . . . . 27,000 3,000 24,000 ________ ________ ________ Total property, plant, and equipment . . . . . . . . . . . . . . . . $693,000 $283,800 409,200 ________ ________ ________ ________