1, Which of the following would not be classified as a current asset?

a. Prepaid expenses

b. Plant property and equipment

c. Inventory

d. Marketable securities

Question 2: Peter Company has gross property, plant and equipment totaling $1.5 million, depreciation expense this year of $250,000, and accumulated depreciation last year of $550,000. What is Peter's net property, plant and equipment?

a, $550,000

b, $950,000

c, $700,000

d, $650,000