Kerch Co. had beginning net fixed assets of $216,478, ending net fixed assets of $211,652, and depreciation
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Kerch Co. had beginning net fixed assets of $216,478, ending net fixed assets of $211,652, and depreciation of $40,411. During the year, the company sold fixed assets with a book value of $7,918. How much did the company purchase in new fixed assets?
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-1305103962
6th edition
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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