Question
Robert Company's 2009 balance sheet reported net fixed assets of $ 11,101,741 and accumulated depreciation of ($ 3,289,339 ). Robert Company's 2010 balance sheet
Robert Company's 2009 balance sheet reported net fixed assets of $ 11,101,741 and accumulated depreciation of ($ 3,289,339 ). Robert Company's 2010 balance sheet reported net fixed assets of $ 16,622,966 and accumulated depreciation of ($ 5,139,286). What was the change in gross fixed assets for Robert Company between 2009 and 2010? Record your answer rounded to the nearest dollar. Do not include a dollar sign or commas in your answer. For example, record $1,234,567.89 as 1234568.
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
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