54. A company has the following assets: Inventory Land held for investment Machinery, net of accumulated depreciation Land $144,000 152,000 42,000 30,000 Factory building, net of accumulated depreciation 121,000 The company would report Property, Plant & Equipment of A) $489,000 B) $345,000 C) $193,000 D) $151,000 3. Santayana Company purchased a machine on January 1, 2016, for $12,000 with an estimated salvage value of $3.000 and an estimated useful life of 8 years. On January 2018, Santayana decides the machine will last 12 years form the date of purchase. The salvage value is still estimated at $3,000. Using the straight-line method, the new annual depreciation will be A) $675 B) $750 C) $900 D) $1,000 56. Compute total intangible assets from the following account balances at 12/31/2016: Goodwill Patents Research and development expense Amortization expense Trade Marks A) $5,197,000 B) $2.432,000 C) $2,099,000 D) $2,080,000 $1,443,000 970,000 2,432,000 333,000 19,000