What is the Net PP&E (excluding land) value as of 12/31/2013? (Given gross PP&E 28,519 and non-depreciable land 1,650; accumulated depreciation 11,922)

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Multiple Choice

What is the Net PP&E (excluding land) value as of 12/31/2013? (Given gross PP&E 28,519 and non-depreciable land 1,650; accumulated depreciation 11,922)

Explanation:
Net PP&E excluding land is found by removing land from gross PP&E (since land is not depreciated) and then subtracting accumulated depreciation. Start with gross PP&E of 28,519 and subtract non-depreciable land of 1,650 to get the depreciable base: 28,519 − 1,650 = 26,869. Then deduct accumulated depreciation of 11,922: 26,869 − 11,922 = 14,947. So the net PP&E excluding land as of 12/31/2013 is 14,947.

Net PP&E excluding land is found by removing land from gross PP&E (since land is not depreciated) and then subtracting accumulated depreciation.

Start with gross PP&E of 28,519 and subtract non-depreciable land of 1,650 to get the depreciable base: 28,519 − 1,650 = 26,869. Then deduct accumulated depreciation of 11,922: 26,869 − 11,922 = 14,947.

So the net PP&E excluding land as of 12/31/2013 is 14,947.

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