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Hanson Company had beginning net fixed assets of $2,870,000 and ending net fixed assets of $2,741,000. Assets valued at $308,000 were sold during the year.
Hanson Company had beginning net fixed assets of $2,870,000 and ending net fixed assets of $2,741,000. Assets valued at $308,000 were sold during the year. Depreciation was $295,000. What is the amount of net capital spending?
$182,000 | ||
$166,000 | ||
$194,000 | ||
$153,000 | ||
$175,000 |
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