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Micro, Inc., started the year with net fixed assets of $75,175. At the end of the year, there was $96,525 in the same account, and
Micro, Inc., started the year with net fixed assets of $75,175. At the end of the year, there was $96,525 in the same account, and the company's income statement showed depreciation expense of $13,175 for the year. What was the company's net capital spending for the year?
$83,350
$40,010
$21,350
$42,420
$34,525
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