Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Plenti-Good Foods has ending net fixed assets of $98,700 and beginning net fixed
assets of $84,900. During the year, the firm sold assets with a total book value of
$13,200 and also recorded $9,800 in depreciation expense. How much did the
company spend to buy new fixed assets?
a. -$23,900
b. $40,700
c. $37,400
d. $9,200
e. $36,800
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