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The following long - term asset accounts appeared in the Creech, Inc. balance sheets for the years ending December 3 1 , 2 0 1
The following longterm asset accounts appeared in the Creech, Inc. balance sheets for the years ending December and The following longterm asset accounts appeared in the Creech, Inc. balance sheets for the years ending December and : Solve b and c
a Assuming that the company did not sell any longterm assets in what did Creech report as depreciation expense on its income statement?
b If Creech, Inc. purchased $ of machinery and equipment in and did not sell any longterm assets in what did Creech report as gross fixed assets on its balance sheet?
c If Creech, Inc. reported depreciation expense of $ on its January through December income statement, what did the company report as Net fixed assets on its balance sheet? Assume that the event described in question b occurred in
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