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Purchase of New Fixed Assets Assignment

Author:
February 18th, 2020

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?

Choices:

$43,503

$32,493

$35,585

$34,157

$41,340. Get Finance homework help today

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