Question
The information below is from CZL's financial statements. CZL's depreciation expense for 2014 was $1,300. Gross fixed assets for 2014 were $____. 2013 2014 Gross
The information below is from CZL's financial statements. CZL's depreciation expense for 2014 was $1,300. Gross fixed assets for 2014 were $____.
2013 2014
Gross Fixed Assets 20,000 ????
Net Fixed Assets 15,200 16,200
Please show the work and explain.
I thought that Gross Fixed Assets was accumulated depreciation + net fixed assets.
Mock Shock Final Exam Review #9
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
