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Enter your answer in dollars not thousands of dollars. Depreciation 2014 - 520 Net fixed assets 2013- 2014- 5000 - 5800 800+520 =1320 ? The
Enter your answer in dollars not thousands of dollars.
Depreciation 2014 - 520
Net fixed assets 2013- 2014- 5000 - 5800
800+520 =1320 ?
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end of 2013 and 2014, while the income statement items correspond to revenues or expenses during the year ending in either 2013 or 2014. Al values are in thousands of dollars. 2013 2014 $4,000 $4,100 Revenue 1,600 1.700 Cost of goods sold Depreciation 500 520 Inventories 300 350 500 550 150 150 Administrative expenses Interest expense Federal and state taxes" 400 420 300 350 Accounts payable 400 Accounts receivable 450 Net fixed assets t 5,000 5,800 2.000 2,400 Long-term debt 600 Notes payable 1.000 Dividends paid 410 410 Cash and marketable securities 800 300 Taxes are paid in their entirety in the year that the tax obligation is incurred. t Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Examine the values for depreciation in 2014 and net fixed assets in 2013 and 2014. What was Fincorp's gross investment in plant and equipment during 2014? (Enter your answer in dollars, not thousands of dollars Gross investment in plant and equipmentStep by Step Solution
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