The following information is for Qwik Auto Supplies:

Qwik Auto Supplies

Balance Sheet

December 31, 2016

Cash $ 45,000 Accounts Payable $ 140,000

Prepaid Insurance 80,000 Salaries and Wages Payable 60,000

Accounts Receivable 110,000 Mortgage Payable 150,000

Inventory 140,000 Total Liabilities 350,000

Land Held for Investment 185,000

Land 250,000

Building $200,000

Less Accumulated Owners Capital 750,000

Depreciation (50,000) 150,000

Trademark 140,000 Total Liabilities and

Total Assets $1,100,000 Owners Equity $1,100,000

he total dollar amount of assets to be classified as property, plant, and equipment is

• A.

  $400,000.

• B.

  $450,000.

• C.

  $585,000.

• D.

  $635,000.

• E.

  $400,000.

• F.

  $450,000.

• G.

  $585,000.

• H.

  $635,000.