Use the Inland Medical Supply, Inc., data in S11-10 to compute the amount of fixed assets acquired

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Use the Inland Medical Supply, Inc., data in S11-10 to compute the amount of fixed assets acquired by Inland Medical Supply, Inc., assuming Inland sold no fixed assets in 2016.

Refer data to exercise S11-10,

Inland Medical Supply, Inc. Income Statement Year Ended December 31, 2016 Revenue: Sales Revenue $684,000 Expenses: Cost


Inland Medioal Supply, Inc. Comparative Balance Sheet December 31, 2016 and 2015 ASSETS 2016 2015 LIABILITIES 2016 2016


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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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