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IrinaK [193]
3 years ago
11

The pier import store has cash of $34,600 and accounts receivable of $54,200. the inventory cost $92,300 and can be sold today f

or $146,900. the fixed assets were purchased at a cost of $234,500 of which $107,900 has been depreciated. the fixed assets can be sold today for $199,000. what is the total book value of the firm's assets?
Business
1 answer:
VikaD [51]3 years ago
7 0

The book value of the company’s assets is the sum of the values of individual assets entered in the books of the company. The following would be its book value:

Cash                                                                                      $34,600

Accounts receivable                                                              $54,200

Inventory                                                                               $92,300

Fixed assets                                                                          $234,500

Accumulated depreciation of fixed assets                            ($107,900)

Total book value of the assets of the firm                             $307,700

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