The balances of select accounts of Stephanie, Inc. as of Dec

The balances of select accounts of Stephanie, Inc. as of December 31, 2016 are given below

Debit Credit
Building $100,000
Cash 8,000
Office Supplies 800
Furniture 6,000
Prepaid Insurance 500
Accumulated Depreciation—Furniture $4,000
Land 33,000
Accumulated Depreciation—Building 4,700
Accounts Receivable 4,000

What amount of total long-term assets would be shown on the balance sheet?
A) $100,000
B) $130,300
C) $133,000
D) $139,000

ANSWER

B .Building $100,000
Accumulated Depreciation—Building (4,700 )
Furniture 6,000
Accumulated Depreciation—Furniture (4,000 )
Land 33,000
Total long-term assets $130,300