Homework Answers
Change in amount of accumulated depreciation in 2019 = 610. In other words in 2019 the balance in accumulated depreciation increased by 610.
Now net fixed assets in 2018 = 5700 and in 2019 = 6350.
Thus change = 6350 – 5700
= 650
But the amount of depreciation increased by 610. So gross investment in plant and equipment = 650+610
= $1,260
| Gross investment in plant & equipment | 1,260 |
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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2015 $4,000...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2015 $4,000...
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at...
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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 2015 $4,000...
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