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These are selected account balances on December 31, 2017: Land (location of the corporations office building) $400,000, Land held for investment $600,000, Office Building $2,900,000,

These are selected account balances on December 31, 2017: Land (location of the corporation’s office building) $400,000, Land held for investment $600,000, Office Building $2,900,000, Inventory $800,000, Equipment $1,800,000, Office Furniture $400,000, Accumulated Depreciation $1,200,000. What is the total amount of property, plant, and equipment that will appear on the Balance Sheet?

  • $5,700,000
  • $6,900,000
  • $4,300,000
  • $4,900,000

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