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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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