Answer: Total book value of assets = $126000
Explanation:
Given that,
Alfonzo's Pizzeria purchased a building 8 years ago = $76,000
building is currently valued = $212,000
Other fixed assets that cost = $58,000
currently valued at $69,000
To date, total depreciation on various assets = $83,000
current liabilities = $43,000
net working capital = $32,000
Non-current assets = $76,000 + $58,000
= $134000
Current assets = working capital + current liabilities
= $32,000 + $43,000
= $75,000
Therefore,
Total book value of assets = Current assets + Non-current assets - total depreciation
= 75000 + 134000 - 83000
= $126000
Here, we are ignoring the current value of building because of conservatism rule of accounting.
