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Given below are the balance sheet of 2018 developed by Vera. Calculate the Net Fixed Assets. How much did the company pay for these assets
Given below are the balance sheet of 2018 developed by Vera. Calculate the Net Fixed Assets. How much did the company pay for these assets if the Accumulated depreciation figure is $100,000
ASSETS LIABILITIES & OWNER'S EQUITY Cash $37,721 Accounts Payable $77,325 Accounts receivable 27,732 Notes payable 27,796 Inventory 47,381 Current liabilities $105,121 Current assets $112,834 Long-term debt $126,334 Net fixed assets ?? Owners' equity 165,004 Total assets $396, 459 Total liab. & equity $396,459Step by Step Solution
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