Finc 330 Business Finance Quiz 52
52 ) Zoe Dental Implements has gross property, plant and equipment totaling $1.4 million, depreciation
expense this year of $200,000, and accumulated depreciation of $750,000. What is the book value of Zoe's
property, plant and equipment?
A) $1.4 million
B) $1.2 million
C) $550,000
D) $650,000
Answer:
D
Explanation:
Book value = $1,400,000 - $750,000 = $650,000