The following selected account balances appear on the December 31, 2010 balance sheet of Chen Co.
|
Land (location of the corporation's office building)
|
$150,000
|
|
Land (held for future use)
|
225,000
|
|
Corporate Office Building
|
900,000
|
|
Inventory
|
300,000
|
|
Equipment
|
675,000
|
|
Office Furniture
|
150,000
|
|
Accumulated Depreciation
|
450,000
|
What is the total amount of property, plant, and equipment that will be reported on the balance sheet?