For the year just ended, Ypsilanti Yak Yogurt shows an increase in its net fixed assets account

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For the year just ended, Ypsilanti Yak Yogurt shows an increase in its net fixed assets account of $835. The company took $148 in depreciation expense for the year. How much did the company spend on new fixed assets? Is this a source or use of cash?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Dec 16, 2016 01:41 PM

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For the year just ended, Ypsilanti Yak Yogurt shows an increase in its net fixed assets account

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Fundamentals of corporate finance

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