Multiple Choice
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) $9,200
C) $36,800
D) $40,700
E) $37,400
Correct Answer:
Verified
Correct Answer:
Verified
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