ABC started the year with 3,208,000 of net fixed assets and ended the year with 2,836,000 of net fixed assets. Depreciation expenses during the year were 445,000. How much gross fixed assets did ABC buy or sell during the year?

ABC started the year with 3,208,000 of net fixed assets and ended the year with 2,836,000 of net fixed assets. Depreciation expenses during the year were 445,000. How much gross fixed assets did ABC buy or sell during the year?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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Need answer the accounting question

ABC started the year with 3,208,000 of net
fixed assets and ended the year with
2,836,000 of net fixed assets. Depreciation
expenses during the year were 445,000.
How much gross fixed assets did ABC buy or
sell during the year?

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