The following are a selection of account balances from Company XYZ at December 31, 2014:

Account name	Balance
Building	121,000
Advertising paid in period	13,000
Accumulated Depreciation - Equipment	24,900
Accumulated Depreciation - Building	10,000
Research	320,000
Equipment	24,900
Land	1,000,000
Patent	23,000

What is the correct value for total capital assets at December 31, 2014?

Multiple Choice

$1,203,800

$1,131,000

$1,154,000

$1,463,000

$1,134,000