Question
Kerch Co. had beginning net fixed assets of $216,446, ending net fixed assets of $211,624, and depreciation of $40,387. During the year, the company sold
Kerch Co. had beginning net fixed assets of $216,446, ending net fixed assets of $211,624, and depreciation of $40,387. During the year, the company sold fixed assets with a book value of $7,870. How much did the company purchase in new fixed assets?
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Financial Statement Analysis
Authors: Martin S. Fridson, Fernando Alvarez
5th Edition
1119457149, 978-1119457145
