11. Accountants at Julian Jewelers just completed a balance sheet that shows $975,000 in net fixed...

 

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11. Accountants at Julian Jewelers just completed a balance sheet that shows $975,000 in net fixed assets. The net fixed asset total on the balance sheet they completed a year ago was $932,000. If the company claimed $78,000 in depreciation expense on its income statement for the most recent year, how much did it spend on new fixed assets, or capital equipment, during the most recent year? 11. Accountants at Julian Jewelers just completed a balance sheet that shows $975,000 in net fixed assets. The net fixed asset total on the balance sheet they completed a year ago was $932,000. If the company claimed $78,000 in depreciation expense on its income statement for the most recent year, how much did it spend on new fixed assets, or capital equipment, during the most recent year?