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The following are a selection of account balances from Company XYZ at December 31, 2014:
What is the correct value for total capital assets at December 31, 2014?
Multiple Choice
$1,203,800
$1,131,000
$1,154,000
$1,463,000
$1,134,000
Account name Balance
Building 121,000
Advertising paid in period 13,000
Accumulated Depreciation - Equipment 24,900
Accumulated Depreciation - Building 10,000
Research 320,000
Equipment 24,900
Land 1,000,000
Patent 23,000

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  • 1. The following are a selection of account balances from Company XYZ at December 31, 2014: What is the correct value for total capital assets at December 31, 2014? Multiple Choice $1,203,800 $1,131,000 $1,154,000 $1,463,000 $1,134,000 Account name Balance Building 121,000 Advertising paid in period 13,000 Accumulated Depreciation - Equipment 24,900 Accumulated Depreciation - Building 10,000 Research 320,000 Equipment 24,900 Land 1,000,000 Patent 23,000