23. Net Fixed Assets and Depreciation (103) On the statement of financial position, the net fixed assets (NFA) account is equal to the gross fixed assets (FA) account which records the acquisition cost of fixed assets) minus the accumulated depreciation #AD) account (which records the total depreciation taken by the firm against its fixed assets). Using the fact that NFA = FA - AD. show that the expression given in the chapter for net capital spending. NFA - NFA D (Where D is the depreciation expense during the year), is equivalent to FA - FAhegi Lise se forloning information for Chating Die for Problem 25 fevrake 2017 2015 Sales SHI ST2.9.16 Deption 116 1216 Coods sold 3919 +20 Others CE 07 Nora 30. enas 24. Financial Statements (LOL) Draw up a statement of comprehensive income and a statement of financial position for this company for 2017 and 2018. adre dech w to 23. Net Fixed Assets and Depreciation (103) On the statement of financial position, the net fixed assets (NFA) account is equal to the gross fixed assets (FA) account which records the acquisition cost of fixed assets) minus the accumulated depreciation #AD) account (which records the total depreciation taken by the firm against its fixed assets). Using the fact that NFA = FA - AD. show that the expression given in the chapter for net capital spending. NFA - NFA D (Where D is the depreciation expense during the year), is equivalent to FA - FAhegi Lise se forloning information for Chating Die for Problem 25 fevrake 2017 2015 Sales SHI ST2.9.16 Deption 116 1216 Coods sold 3919 +20 Others CE 07 Nora 30. enas 24. Financial Statements (LOL) Draw up a statement of comprehensive income and a statement of financial position for this company for 2017 and 2018. adre dech w to