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?

Question

Bentley Downs

Business

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?

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Karlee Arroyo · Answer 1

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