Question
Assume the following: Reserve for depreciation at current year end= $50,000; Current year's depreciation expense= $10,000; Original cost of fixed assets= $200,000; Inventory at current
Assume the following: Reserve for depreciation at current year end= $50,000; Current year's depreciation expense= $10,000; Original cost of fixed assets= $200,000; Inventory at current year end= $20,000; Current year's amortization expense= $5,000. Required: Calculate the net book value of the fixed assets. Correct answer is:
| A. | $150,000 | |
| B. | $190,000 | |
| C. | $140,000 | |
| D. | None of the above |
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The Next Step Advanced Medical Coding And Auditing 2016
Authors: Carol J. Buck MS CPC CCS-P
1st Edition
978-0323389105
