1. Simon's Hot Chicken purchased its building seven years ago at a price of $141,580. The building could be sold for $181,100 today. The company spent $67,140 on other fixed assets that could be sold for $59,740. The company has accumulated depreciation of $82,300 on its fixed assets. Currently, the company has current liabilities of $37,920 and net working capital of $19,420. What is the ending book value of net fixed assets?
$208,720
$164,340
$170,800
$126,420
$158,540
Cost of building | 141580 |
(+) Cost of other fixed assets | 67140 |
(-) Accumulated depreciation | 82300 |
Ending book value of net fixed assets | 126420 |
1. Simon's Hot Chicken purchased its building seven years ago at a price of $141,580. The...
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