Question

Huron has provided the following year-end balances:Cash, $30,000Patents, $8,800Accounts receivable, $9,800Property, plant, and equipment, $99,800Prepaid insurance, $5,500Accumulated depreciation, $18,000Inventory, $33,000Retained earnings, 15,500Trademarks, $14,500Accounts payable, $8,000Goodwill, $11,000How much are Huron's net noncurrent assets?a) $107,300.b) $125,300.c) $121,600.d) $116,100.

Answer 1

Answer:

d) $116,100.

Explanation:

The computation of the net non current asset is shown below:

= Patents + Property, plant, and equipment - accumulated depreciation + trademarks + goodwill

= $8,800 + $99,800 - $18,000 + $14,500 + $11,000

= $116,100

The net non current asset is $116,100

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Hence, the correct option is d. $116,100