Buildings and equipment $5,084,750
Accumulated depreciation 622,500
Patents 375,000
Goodwill 325,000
Accounts receivable 215,000
Land 2,507,500
What is the total amount that should be reported on Reed, Inc.’s balance sheet under Property, plant, & equipment, net? Select one:
a. $7,830,000
b. $7,752,500
c. $6,969,750
d. $7,207,500
