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Island, Inc. has the following assets: l) Timber reserves $400,000, with accumulated depletion of $220,000. Il) Property, Plant and Equipment $600,000 with accumulated depreciation $275,000.

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Island, Inc. has the following assets: l) Timber reserves $400,000, with accumulated depletion of $220,000. Il) Property, Plant and Equipment $600,000 with accumulated depreciation $275,000. Ill) Other long term assets $125,000 IV) Goodwill $75,000 In what order should these be presented on the Balance Sheet? O A. II, l' IV, 111 0 B. IV, ll, lll, I C. I, ll, IV, 111 0 D. III, ll, I, IV

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