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1. O-Z Company has the following assets in its books at the end of December 31, 2018. Patents (net) $26,000; Land $50,000; Buildings, $175,000 and
1. O-Z Company has the following assets in its books at the end of December 31, 2018. Patents (net) $26,000; Land $50,000; Buildings, $175,000 and accumulated depreciation on building $57,500; Investments in held-to-maturity bonds $12,000; Equipment $95,000 and accumulated depreciation on equipment, $25,000. Short-term investment maturing in 90 days, $10,000. Required: Prepare in good format, Property, Plant and Equipment Section of the Balance Sheet for O-Z Company as of December 31, 2018
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