Question: Kerch Co.'s initial net fixed assets are $216,478, closing net fixed assets are $211,652 and depreciation is $40.411. During the year, the company sold fixed

Kerch Co.'s initial net fixed assets are $216,478, closing net fixed assets are $211,652 and depreciation is $40.411. During the year, the company sold fixed assets with a book value of $7,918. How many new fixed assets has the company purchased?

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