On January 2, 2020, Bennett Company purchased land that cost $400,000, abuildingon the land that cost $630,000, andequipmentthat cost $21,000. The building has an estimated useful life of 21 years. The equipment has an estimated useful life of 6 years.

Required:

Prepare theproperty, plant, and equipmentsection of thebalance sheetas of December 31, 2020.

Note: Usestraight-line depreciationwith nosalvage value.

Bennett CompanyBalance Sheet (partial)December 31Property, Plant, and Equipment(Choose one)

Accumulated Depreciation, Buildings

Accumulated Depreciation, Equipment

Accounts Receivable

Buildings

Cash

Equipment

Land

Supplies

Accumulated Depreciation Buildings

Accumulated Depreciation Equipment

Accounts Receivable

Building

cash

Equipment

land

Supplies