6 points Save An Jolinar and Sons had $26,500 in net fixed assets at the beginning...

 

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6 points Save An Jolinar and Sons had $26,500 in net fixed assets at the beginning of the year. During the year, the company purchased $8,000 in new equipment. It also sold, at a price of $2,500, some old equipment with a book value of $530. The depreciation expense for the year was $4,500. What is the net fixed asset balance at the end of the year? Answer Tolerance: +$375 transcript 6 points Save An Jolinar and Sons had $26,500 in net fixed assets at the beginning of the year. During the year, the company purchased $8,000 in new equipment. It also sold, at a price of $2,500, some old equipment with a book value of $530. The depreciation expense for the year was $4,500. What is the net fixed asset balance at the end of the year? Answer Tolerance: +$375 transcript

Answer rating: 100% (QA)

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