To determine the total value of tangible assets that will be reflected in the balance sheet, we need to follow these steps:
1. List the values of each tangible asset before depreciation:
- Land: [tex]$5,000
- Building: $[/tex]40,000
- Plant and Equipment: [tex]$20,000
- Commercial Vehicles: $[/tex]35,000
2. Calculate the total value of the tangible assets before depreciation:
[tex]\[
\text{Total value before depreciation} = 5000 + 40000 + 20000 + 35000
\][/tex]
This gives us:
[tex]\[
\text{Total value before depreciation} = 100,000
\][/tex]
3. Account for accumulated depreciation:
- Accumulated Depreciation: [tex]$30,000
4. Calculate the total value of the tangible assets after accounting for accumulated depreciation:
\[
\text{Total value after depreciation} = \text{Total value before depreciation} - \text{Accumulated Depreciation}
\]
This gives us:
\[
\text{Total value after depreciation} = 100,000 - 30,000 = 70,000
\]
So, the total value of tangible assets that will be reflected in the balance sheet is $[/tex]70,000. Therefore, the correct answer is:
D. $70,000
