Multiple Choice Question 203 A company has the following assets: Buildings and Equipment, less accumulated depreciation of $4700000 $21000000 Copyrights 2000000 Patents 13000000 Land 15000000 The total amount reported under Property, Plant, and Equipment would be O $51000000. O $36000000. O $38000000. $35000000. Open Show Work Click if you would like to Show Work for this question: Question Attempts: 0 of used SAVE FOR LATER SUBMIT ANSWER Multiple Choice Question 157 On July 1, 2017, Wildhorse Co. sells equipment for $114000. The equipment originally cost $330000, had an estimated 5-year life and an expected salvage value of $50000. Accumulated Depreciation had a balance of $196000 on January 1, 2017, using the straight-line method. The gain or loss on disposal is $20000 loss. $8000 gain. $8000 loss. $20000 gain. Open Show Work Click if you would like to Show Work for this question: Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER Multiple Choice Question 181 On May 1, 2017, Crane Company purchased the copyright to Pronghorn Corp. for $90000. It is estimated that the copyright will have a useful life of 4 years. The amount of amortization expense recognized for the year 2017 would be $22500 $15000 $11250 $12000. pen Show Work Click if would like to Show Work for this Question Attempts: 0 of 1 used