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A company had beginning net fixed assets of $265,000 and ending net fixed assets of $304,000. Assets valued at $18,000 were sold during the year.

A company had beginning net fixed assets of $265,000 and ending net fixed assets of $304,000. Assets valued at $18,000 were sold during the year. Depreciation was $16,000. What is the amount of net capital spending?

$16,000

$265,000

$55,000

$73,000

$43,000

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