$($Suggested time: $4$ minutes$)$ What is the Net Capital Spending $($NCS$)$ for the year $2021$ if the Gross Fixed

Assets for $2021$ is $$240,000,$ the Gross Fixed Assets for $2020$ is $$240,000,$ and the cummulative depreciation

for $2020$ is $$60,000$

When answering the question $($filling in the blank$),$ DO NOT use dollar signs, DO NOT USE commas to

separate thousands.

DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for

negative numbers, Round to the nearest dollar.

The Net Capital Spending $($NCS$)$ for $2021$ is:

Answer:

$-60,000(0)$