Multiple Choice
The December 31,2009 balance sheet shows net fixed assets of $150,000 and the December 31,2010 balance sheet shows net fixed assets of $250,000.Depreciation expense for 2009 is $25,000 and depreciation expense for 2010 is $35,000.Based on this information,the cost of fixed assets purchased during 2010 is
A) $100,000.
B) $110,000.
C) $135,000.
D) $160,000.
Correct Answer:
Verified
Correct Answer:
Verified
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