From the following list of accounts and account balances, determine the amount that would be properly classified as Property, Plant, & Equipment.
$100,000 - Land Used in Business
$60,000 - Machinery Leased from Others
($80,000) - Accumulated Depreciation
$140,000 - Inventories
$40,000 - Land Held for Future Plant Site
$200,000 - Building
$50,000 - Investment in Stock of Construction Company
Correct Answer: $280,000
Explanation:
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