Archer Corp has the following account balances listed in alphabetical​ order: Accumulated​ Depreciation, $18,000; Accounts​ Paya

Answer:

Assets include Equipment worth $46,000 and Land valued at $21,000, incorporating Accumulated​ Depreciation of $18,000.

This totals to $49,000.

Explanation:

Long-term assets, also referred to as non-current assets, are resources that are not utilized within a year. It indicates that the benefits derived from owning and controlling these assets will extend beyond one year. Examples consist of fixed assets and intangible properties.

Archer's long-term assets​ include Equipment worth $46,000 and Land amounting to $21,000, accounting for Accumulated​ Depreciation of $18,000.

Thus, it equates to

= $46,000 + $21,000 - $18,000

= $49,000