Huron has provided the following yearend balances Cash 22000

Huron has provided the following year-end balances: Cash, $22,000 Patents, $8,400 Accounts receivable, $9,400 Property, plant, and equipment, $99,400 Prepaid insurance, $5,100 Accumulated depreciation, $14,000 Inventory, $49,000 Trademarks, $14,100 Goodwill, $14,000 How much are Huron\'s net noncurrent assets? O $113,50o O $121,900 $127,50o. O $127,00o.

Solution

B. $121,900

Noncurrent assets = Patents + Property, plant, and equipment - Accumulated depreciation + Trademarks + Goodwill

Noncurrent assets = $8,400 + $99,400 - $14,000 + $14,100 + $14,000

Noncurrent assets = $121,900