ge Quesuonis 23-33) Fixed Assets and Depreciation (LO3) On the statement of financial position, the net fixed assets (NFA) account is equal the gross fixed assets (FA) account (which records the acquisition cost of fixed assets) minus the accumulated depreciatio D) account (which records the total depreciation taken by the firm against its fixed assets). Using the fact that FA = FA AD. show that tie expression given in the chapter for net capital spending, NFAend - NFA + D (where the depreciation expense during the year), is equivalent to FAend FAby. e the following information for Clarigton Inc. for Problems 24 and 25 (assume the tax rate is 329): 2017 Depreciation Cost of goods sold 3.979 Cinerespenses Interest 62466 Accountable Shorteer notes parale Long-term debit 24.696 50.883 Ascourts gegabls 4.614 memory inancial Statements (LOI) Draw up 1 statement of comprehensive income and a statement on ancial station for this