Burnt Red Company Balance Sheet December 31, 2016
Assets
Total current assets							$350,000
	Replacement Cost		Accumulated Depreciation		Book Value
Property, plant, and equipment:
Land	$250,000		$50,000		$200,000
Buildings	450,000		160,000		290,000
Factory equipment	375,000		140,000		235,000
Office equipment	125,000		60,000		65,000
Patents	90,000				90,000
Goodwill	60,000		10,000		50,000
Total property, plant, and equipment	$1,350,000		$420,000		$930,000

1. Fixed assets should be reported at
2. Land
3. Patents and goodwill should be
4. Goodwill should be