ACME Company had beginning net fixed assets of $258,000 and ending net fixed assets of $341,000....

Question

Question

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

business finance

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Answer 1

Answer #1

Ending net fixed assets=Beginning net fixed assets+Net capital spending-Depreciation

341,000=258000+Net capital spending-24000

Net capital spending=(341000+24000-258000)

which is equal to

=$107,000

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Answer 2

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