Charter Communications had beginning net fixed assets of $7,420 and ending net fixed assets of $8,316....

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Question

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

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Answer 1

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ANSWER : 1284

NCS = NET CAPITAL SPENDING= YEAR ENDING NET FIXED ASSETS - YEAR BEGINNING FIXED ASSETS+DEPRECIATION
NCS = NET CAPITAL SPENDING = (8316-7420) + 388 =					1284

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Answer 2

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Charter Communications had beginning net fixed assets of $7,420 and ending net fixed assets of $8,316....

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Charter Communications had beginning net fixed assets of $7,420 and ending net fixed assets of $8,316....

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