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TJH, Inc. purchased $145,000 in new equipment and sold equipment with a net book value of $68,400 during the year. What is the amount of
TJH, Inc. purchased $145,000 in new equipment and sold equipment with a net book
value of $68,400 during the year. What is the amount of net capital spending if the
depreciation was $38,600?
A) $38,000
B) $115,200
C) $94,200
D) $76,600
E) $38,000
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