Plant and Equipment

Your analysis of Moen Corporation's fixed asset accounts at year$-$end reveals the following information:

factory buildings are on this site. The land has a current market value of $$56,000.$

$10\%$ of original cost. They are being depreciated on a straight$-$line basis.

being held for resale and is not being used in operations.

Moen owns office equipment that cost $$14,500$ and has a book value of $$6,300.$ It owns office furniture that cost $$17,500$ and has a book value of $$11,400.$

Required:

Prepare the property, plant, and equipment section of Moen's year$-$end balance sheet.

MOEN CORPORATION

Property, Plant, and Equipment Section of Balance Sheet

December $31,$ Current Year