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Mertis, Inc. reported Net fixed assets as follows on its Balance sheets for December 31, 2011 and December 31, 2012 look as follows: 2011 2012
Mertis, Inc. reported Net fixed assets as follows on its Balance sheets for December 31, 2011 and December 31, 2012 look as follows: 2011 2012 Net fixed assets 815,000 865,000 On its 2012 Income statement, Mertis recorded depreciation expense of $29,974. What amount of cash did Mertis spend in 2012 on new fixed assets? (Record your answer without a dollar sign and without commas, for example, record $32,400 as 32400). Your
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