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

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Answer 1

Answer #1

New Fixed Assets Purchased :

Ending Fixed Assets = Beginning fixed Assets + Purchases - Depreciation

$211,722 = 216,558 + Purchases - 40,471

$211,722 -216558+40,471 = Purchases

Purchases = $ 35,635

Answer : $ 35,635

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Answer 2

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