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The pier import store has cash of $34,600 and accounts receivable of $54,200. the inventory cost $92,300 and can be sold today for $146,900. the fixed assets were purchased at a cost of $234,500 of which $107,900 has been depreciated. the fixed assets can be sold today for $199,000. what is the total book value of the firm's assets?

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meerkat18

The book value of the company’s assets is the sum of the values of individual assets entered in the books of the company. The following would be its book value:

Cash                                                                                      $34,600

Accounts receivable                                                              $54,200

Inventory                                                                               $92,300

Fixed assets                                                                          $234,500

Accumulated depreciation of fixed assets                            ($107,900)

Total book value of the assets of the firm                             $307,700

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