Question
At the end of 2016?, Zeman?, ?Corp., had total assets of $ 331 comma 800 and total liabilities of $ 175 comma 400. Included in
At the end of 2016?, Zeman?, ?Corp., had total assets of $ 331 comma 800 and total liabilities of $ 175 comma 400. Included in the assets were? property, plant, and equipment with a cost of $ 246 comma 000 and accumulated depreciation of $ 113 comma 000. Also included in the assets were $ 26 comma 500 of? patents, $ 105 comma 000 of goodwill and $ 34 comma 100 of other? long-term assets. During 2016?, Zeman?, ?Corp., earned total revenues of $ 435 comma 100 and had total expenses of $ 335 comma 100. Requirements 1. Show how Zeman?, ?Corp., reported? long-term assets on its balance sheet on December? 31, 2016. 2. What was the book value of? property, plant, and equipment on that? date? Requirement 1. Show how Zeman?, ?Corp., reported? long-term assets on its balance sheet on December? 31, 2016.
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