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fox llc has PP and E (net) of 170 on 12/31/15 and 110 on 12/31/14. Depreciation...

fox llc has PP and E (net) of 170 on 12/31/15 and 110 on 12/31/14. Depreciation for 2015 is 120. Acquisitions net of dispositions for 2015 is A. 180 B. 190 C. 200 D. 210

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Answer #1

Beginning Balance of PPE = $110

Ending Balance = $170

Increase in net balance = $60

Add: Depreciation charged = $120

Acquisitions net of dispositions = $180

The answer is A.

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