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Where is the best place to look to determine how much the company spent to purchase long-term assets in the current year? Look at the
Where is the best place to look to determine how much the company spent to purchase long-term assets in the current year? Look at the statement of cash flows under investing activities. The financial statements do not reveal the amount purchased, just the ending balance. Look at depreciation expenses on the income statement Look at the current assets on the balance sheet
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