When preparing a report form of a Balance Sheet for a merchandising business, assume that the following accounts had the following balances on the Adjusted Trial Balance: Cash, $150,000; Accounts Receivable, $160,000; Merchandise Inventory, $200,000; Land, $130,000; Equipment, $240,000; Accumulated Depreciation-Equipment, $140,000. What would be the Total Property Plant and Equipment for this Balance Sheet?

Answer: $230,000

PLease explain steps