Question
5.The 2018 balance sheet of the Unity Corporation showed net fixed assets of $2,700,000 and the 2019 balance sheet showed net fixed assets of $3,500,000.The
5.The 2018 balance sheet of the Unity Corporation showed net fixed assets of $2,700,000 and the 2019 balance sheet showed net fixed assets of $3,500,000.The firm reported $328,000 in depreciation expense on its 2019 income statement.How much was net capital spending (purchases) for 2019?Assume there were no sales of fixed assets in 2019.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
978-1259024979
