From the following list of accounts, determine the amount that would be properly classified as Capital Assets (property, plant, and equipment). Land Used in Business = $100,000 Machinery Leased from Others (no liability has been recorded) = 60,000 Accumulated Depreciation = (80,000) Inventories = 124,000 Land Held for Future Plant Site = 40,000 Building = 200,000 Investment in Shares of Construction Co. Inc. = 50,000

$360,000

$220,000

$260,000

$280,000

None of the others alternatives are correct