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A company has the following asset account balances: Buildings and equipment $9 200 000 Accumulated depreciation 1 000 000 Patents 750 000 Land improvements 1

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A company has the following asset account balances: Buildings and equipment $9 200 000 Accumulated depreciation 1 000 000 Patents 750 000 Land improvements 1 000 000 Land 5 000 000 The total amount reported on the statement of financial position under Property, Plant & Equipment would be: $13 550 000 $13 000 000 $12 800 000 $14 200 000

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