Ask Question
15 March, 19:03

Nielsen Auto Parts had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411. During the year, assets with a combined book value of $6,943 were sold. Depreciation for the year was $42,822. What is the amount of net capital spending?

+1
Answers (1)
  1. 15 March, 19:15
    0
    Capital Expenditure during the year 40,706

    Explanation:

    opening assets = 218470

    less: Depriciation for the year = (42822)

    less: Disposal of assets = (6943)

    less: Closin Assets = (209411)

    Balancing figure additions = 40706
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Nielsen Auto Parts had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411. During the year, assets with a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers