Answer:
$14,000,000
Explanation:
To be reported under Property, Plant and Equipment:
= (Buildings and equipment - Accumulated depreciation) + Land Improvements + Land
= ($9,200,000 - $1,200,000) + $1,000,000 + 5,000,000
= $8,000,000 + $1,000,000 + 5,000,000
= $14,000,000
Note:
(1) Intangible Assets (Patents) will be reported after Plant, Property and Equipment. These are not a part of plant, Property and Equipment.
(2) There is no information about the useful life of the Land, so the value of land improvements will be included in the property, plant, & equipment section.
