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The following assets are included in Ace Auto Parts,Inc.s December 31, 2009, balance sheet. Accounts Receivable (net of Allowance for Uncollectible Accounts) $50,000 Accumulated Depreciation,
The following assets are included in Ace Auto Parts,Inc.s December 31, 2009, balance sheet. Accounts Receivable (net of Allowance for Uncollectible Accounts) $50,000 Accumulated Depreciation, Building 20,000 Building 100,000 Cash 60,000 Land 130,000 Land Held for Future Use 40,000 Merchandise Inventory 70,000 Trademark 110,000 The total dollar amount of assets classified as property, plant,and equipment on Ace Auto Parts December 31, 2009,classified balance sheet is a. $210,000 b. $50,000 c. $360,000 d. $430,000
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