Answer:
$1,150,000
Explanation:
Two categories of operatng assets are presented on the balance sheet: Property, plant and equipment; intangible assets.
They are presented at their acquisition cost (historical cost).
The balance sheet uses one line item for property, plant and equipment and presented the details in the notes.
Initially are recorded at acquisition cost or original cost, that include all cost normally necessary to acquire an asset and prepare it for its intended use.
A depreciation is an allocation of the original cost of an asset to the periods benefited by its use.
In this case, he total amount of property, plant, and equipment that will appear on the balance sheet is $1,150,000 because:
Land $100,000 + Buildings 800,000 + Equipment 450,000 + Furniture 100,000 - Accumulated Depreciation 300,000 = $1,150,000.
