=+E7-19 List the errors you find in the following partial balance sheet:

Balance sheet presentation PLANET BRONZE COMPANY Balance Sheet December 31, 2008 Assets Total current assets $ 478,000 Replacement Accumulated Book Cost_Depreciation Value Property, plant, and equipment:

Land Buildings Factory equipment Office equipment Patents Goodwill Total property plant, and equipment

$ 80,000 $ 16,000 $ 64,000 208,000 60,800 147,200 440,000 233,600 206,400 96,000 64,000 32,000 64,000 — 64,000 36,000 4,000 32,000

$924,000 $378,400 545,600 266 Chapter 7