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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
List the errors you find in the following partial balance  sheet:
Â
Â
Â
Â
Â
Â
|
Total current assets |
 Replacement |
 Accumulated |
$597,500 Book |
|
 Property, plant, and equipment: |
Cost |
Depreciation |
Value |
|
Land |
$ 100,000 |
$ 20,000 |
$ Â 80,000 |
|
Buildings |
260,000 |
76,000 |
184,000 |
|
Factory equipment |
550,000 |
292,000 |
258,000 |
|
Office equipment |
120,000 |
80,000 |
40,000 |
|
Patents |
80,000 |
— |
80,000 |
|
Goodwill |
      45,000 |
      5,000 |
    40,000 |
|
Total property, plant, and  equipment |
$1,155,000 |
$473,000 |
$682,000 |
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