Huron has provided the following year-end balances:Cash, $30,000Patents, $8,800Accounts receivable, $9,800Property, plant, and equipment, $9

Huron has provided the following year-end balances:Cash, $30,000Patents, $8,800Accounts receivable, $9,800Property, plant, and equipment, $99,800Prepaid insurance, $5,500Accumulated depreciation, $18,000Inventory, $33,000Retained earnings, 15,500Trademarks, $14,500Accounts payable, $8,000Goodwill, $11,000How much are Huron’s net noncurrent assets?a) $107,300.b) $125,300.c) $121,600.d) $116,100.

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  1. Answer:

    d) $116,100.

    Explanation:

    The computation of the net non current asset is shown below:

    = Patents + Property, plant, and equipment – accumulated depreciation + trademarks + goodwill

    = $8,800 + $99,800 – $18,000 + $14,500 + $11,000

    = $116,100

    The net non current asset is $116,100

    We simply applied the above formula so that the correct value could come

    And, the same is to be considered

    Hence, the correct option is d. $116,100

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