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Bill's Mowers Has Beginning Net fiXed Assets of $1,620 and Ending

Question 359

Multiple Choice

Bill's Mowers has beginning net fixed assets of $1,620 and ending net fixed assets of $1,780. Assets valued at $410 were sold during the year. Depreciation was $45. What is the value of the fixed asset
Purchases for the year?


A) $295
B) $615
C) $705
D) $795
E) $855

Correct Answer:

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