Question
Teddy's Pillows had beginning net fixed assets of $475 and ending net fixed assets of $558. Assets valued at $323 were sold during the year.
Teddy's Pillows had beginning net fixed assets of $475 and ending net fixed assets of $558. Assets valued at $323 were sold during the year. Depreciation was $50. What is the amount of net capital spending?
Multiple Choice
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$133
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$285
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$83
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$33
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$456
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
15th edition
1259404781, 007802563X, 978-1259404788, 9780078025631, 978-0077522940
