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At the end of 2018, Zaney Corp. had total assets of $322,000 and total liabilities of $176,800. Included in the assets were property, plant, and

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At the end of 2018, Zaney Corp. had total assets of $322,000 and total liabilities of $176,800. Included in the assets were property, plant, and equipment, with a cost of $245,000, and accumulated depreciation of $113,000. Also included in the assets were $25,500 of patents, $140,000 of goodwill and $33,600 of other long-term assets. During 2018, Zaney Corp, earned total revenues of $443,600 and had total expenses of $321.500. Read the resuirements Requirement 1. Show how Zaney Corp. reported long-term assets on its balance sheet on December 31, 2018. Balance Sheet (partial ol Less Total long-term assets i Requirements 1. Show how Zaney Corp. reported long-term assets on its balance sheet on December 31, 2018. What was the book value of property, plant, and equipment on that date? 2. Print Done

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