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6. Use the following data to determine the book value of assets to be classified as property, plant, and equipment. Dover uses the land that
6. Use the following data to determine the book value of assets to be classified as property, plant, and equipment. Dover uses the land that is included in the balance sheet as a parking lot for the company's corporate headquarters. Cash Accounts receivable Dover Company Balance Sheet December 31, 2020 $ 195,000 Accounts payable 150,000 Salaries and wages payable 165,000 $ 210,00000 30,00000 240,00000 Inventory Mortgage payable Prepaid insurance 90,000 Total liabilities $480,00000 Stock investments 255,000 Land 270,000 Buildings $315,000 Common stock Less: Accumulated Retained earnings $360,00000 750,00000 depreciation (60,000) 255,000 Trademarks 210,000 Total assets $1,590,000 Total stockholders' equity $1,110,00000 Total liabilities and stockholders' equity $1,590,00000 A) $990,000 B) $525,000 C) $735,000 D) $585,000
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