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Toys for U, Inc

Question 76

Multiple Choice

Toys For U, Inc. just purchased a new asset costing $500,000. The machine will be depreciated straight-line over a 10-year period using the convention of taking a half year's depreciation in the first year. Given the following information about old assets the firm already had, calculate net fixed assets at year end. Toys For U, Inc. just purchased a new asset costing $500,000. The machine will be depreciated straight-line over a 10-year period using the convention of taking a half year's depreciation in the first year. Given the following information about old assets the firm already had, calculate net fixed assets at year end. A) $765,000 B) $925,000 C) $1,275,000 D) $1,600,000


A) $765,000
B) $925,000
C) $1,275,000
D) $1,600,000

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