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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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