Answer:
$1,302,000
Explanation:
Dent Company
Balance Sheet (partial)
As at December 31, 2019
Property, Plant, & Equipment
Buildings $1,100,000
Less: accumulated depreciation—buildings $(600,000)
Net book value of Buildings $500,000
Coal mine $500,000
Less: accumulated depletion—coal mine $(108,000)
Net Book value of Coal Mine $392,000
Total property, plant, and equipment $892,000
Intangible Assets
Goodwill $410,000
Total assets (Long-term Assets) $1,302,000
Here, we are going to prepare a partial balance sheet of Dent Company by using information given in the question.
DENT COMPANY
PARTIAL BALANCE SHEET
Property,plant and equipment
Coal Mine $500,000
Less: Accumulated depletion $108,000 $392,000
Buildings $1,100,000
Less: Accumulated depreciation $600,000 $500,000
Total Property, plant and equipment $892,000
Intangible assets
Goodwill $410,000
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