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Awnings Incorporated Has Beginning Net Fixed Assets of $560 and Ending

Question 3

Multiple Choice

Awnings Incorporated has beginning net fixed assets of $560 and ending net fixed assets of $720. Assets valued at $210 were sold during the year. Depreciation was $50. What is the amount of capital spending?


A) $110
B) $160
C) $210
D) $300
E) $420

Correct Answer:

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