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Aker Company had beginning net fixed assets of $670,000 and ending net fixed assets of $910,000. Assets valued at $75,000 were sold during the year.
Aker Company had beginning net fixed assets of $670,000 and ending net fixed assets of $910,000. Assets valued at $75,000 were sold during the year. Depreciation was $62,000. What is the amount of net capital spending?
A) $240,000
B) $315,000
C) $302,000
D) $377,000
E) $227,000
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