Time Used Asset Residual Value Acquisition Cost Expected Life $104,300 Infinite 10 years Land $100,000 10 years Building 446,000 25 years 30,000 Machine 285,000 10,000 5 years 2 years Patent 80,000 10 years 0 3 years Truck 21,000 100,000 miles 3,000 44,000 miles Hide Use the information above to prepare the property, plant, and equipment and intangible assets portions of a classified balance sheet for Westfield Semiconductors. Westfield Semiconductors Classified Balance Sheet (partial) December 31, 2011 Property, plant, and equipment: Land 104300 Building 446000 Less: Accumulated depreciatio Machine 285000 Less: Accumulated depreciatic 175000 110000 Truck 21000 Less: Accumulated depreciatio 7920 13080 Total property, plant, and equipment