Stuck please help ε Teddy's Pillows had beginning net fixed assets of $460 and ending net...

Question

Question

ε Teddys Pillows had beginning net fixed assets of $460 and ending net fixed assets of $528. Assets valued at $308 were sold Stuck please help

Answer 1

Answer #1

Amount of net capital spending =Ending fixed assets+depriciation-beginning fixed assets

Amount of net capital spending =528+20-460

Amount of net capital spending =88

Answer 2

Similar Homework Help Questions

Meridian Distributions had beginning net fixed assets of $8,194 and ending net fixed assets of $9,273....

Meridian Distributions had beginning net fixed assets of $8,194 and ending net fixed assets of $9,273. Assets valued at $386 were sold during the year. Depreciation was $429. What is the amount of net capital spending? $1,508 $1,536 $1,472 $1,581 $1,443
Charter Communications had beginning net fixed assets of $7,420 and ending net fixed assets of $8,316....

Charter Communications had beginning net fixed assets of $7,420 and ending net fixed assets of $8,316. Assets valued at $298 were sold during the year. Depreciation was $388. What is the amount of net capital spending? $1,190 $1,245 $1,284 $1,326 $1,362
ACME Company had beginning net fixed assets of $258,000 and ending net fixed assets of $341,000....

ACME Company had beginning net fixed assets of $258,000 and ending net fixed assets of $341,000. Assets valued at $27,000 were sold during the year. Depreciation was $24,000. What is the amount of net capital spending? $107,000 $112,000 $117,000 $92,000 $97,000

Kerch Co. had beginning net fixed assets of $216,558, ending net fixed assets of $211,722, and...

Kerch Co. had beginning net fixed assets of $216,558, ending net fixed assets of $211,722, and depreciation of $40,471. During the year, the company sold fixed assets with a book value of $8,038. How much did the company purchase in new fixed assets? Multiple Choice $43,673 $41,510 $35,635 $32,433 $34,327
Webster's has beginning net fixed assets of $684,218, ending net fixed assets of $679,426, and depreciation...

Webster's has beginning net fixed assets of $684,218, ending net fixed assets of $679,426, and depreciation expense of $48,859. What is the net capital spending for the year if the tax rate is 25 percent? $53,651 $48,600 $42.920 $35.255 $44,067
Kerch Co. had beginning net fixed assets of $216,478, ending net fixed assets of $211,652, and...

Kerch Co. had beginning net fixed assets of $216,478, ending net fixed assets of $211,652, and depreciation of $40,411. During the year, the company sold fixed assets with a book value of $7,918. How much did the company purchase in new fixed assets? Choices: $43,503 $32,493 $35,585 $34,157 $41,340

1. A firm has beginning net fixed assets of $168,000 and ending net fixed assets of...

1. A firm has beginning net fixed assets of $168,000 and ending net fixed assets of $141,300. Depreciation was $21,000. What is the amount of capital spending? A. $2,500 B. $5,700 C. $47,700 D, $26,700 2. You have been given the following information about Pho Lucky Inc.: Last year, the company had common stock of $325,568 and long-term debt of $78,445. During the year Pho Lucky had net income of $248,462 and paid dividends of $219,651. This year-end common stock...
Micro, Inc., started the year with net fixed assets of $73,800. At the end of the...

Micro, Inc., started the year with net fixed assets of $73,800. At the end of the year, there was $94,600 in the same account, and the company's income statement showed depreciation expense of $12,130 for the year. What was the company's net capital spending for the year? Multiple Choice Ο 532,930 Ο $38, 415 Ο $82,470 Ο $40,825 Ο $20,800
Canberry Corporation had net income of $92.000, beginning total assets of $712,000 and ending total assets...

Canberry Corporation had net income of $92.000, beginning total assets of $712,000 and ending total assets of $640,000. Its return on total assets is: Multiple Choice 13.6% O 12.9% O 696% 774% 14.4% < Prex 24 of 36 HR Next > re to search O SAMSUNG

Help A statement of cash flows explains the differences between the beginning and ending balances of 0 Net Inc...

Help A statement of cash flows explains the differences between the beginning and ending balances of 0 Net Income 0 0 Cash Cash equivalents, and short term mements 0 Cash and cash equivalents 0 Working on The statement of cash flows is Multiple Choice Ο Another name for the statement of financial position Ο A financial statement that is the types and amounts of assets, labies and equity of a business on a specific date Ο O A financial statement...