Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Transcribed Image Text:Modzilla's 2021 balance sheet
showed net fixed assets of $2.4
million, while its 2020 balance
sheet showed net fixed assets of
$2.3 million.
million. Its 2021 income
statement reported a depreciation
expense of $240,000. How much
did Modzilla spend to acquire new
fixed assets during 2021?
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