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Question(s) / Instruction(s):

The following assets are included in Ace Auto Parts, Inc.’s December 31, 2009, balance sheet.

Accounts Receivable

(Net of Allowance for Uncollectible Accounts)    $50,000

Accumulated Depreciation, Building        20,000

Building                                                                100,000

Cash                                                                      60,000

Land                                                                      130,000

Land Held for Future Use                             40,000

Merchandise Inventory                                                70,000

Trademark                                                          110,000

The total dollar amount of assets classified as property, plant, and equipment on Ace Auto Parts’ December 31, 2009, classified balance sheet is

a. $210,000.

b. $50,000.

c. $360,000.

d. $430,000.

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