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Bristol Electronics had fixed assets of $15,000 at the beginning of the year and $19,500 at the end of the year. During the year, the firm sold $6,000 worth of fixed assets. How much in fixed assets must they have purchased? a. $10,500 b. $12,500 c. $11,000 d. $13,000 e. None of the above

Bristol Electronics had fixed assets of $15,000 at the beginning of the year and $19,500 at the end of the year. During the year, the firm sold $6,000 worth of fixed assets. How much in fixed assets must they have purchased? a. $10,500 b. $12,500 c. $11,000 d. $13,000 e. None of the above

Intermediate Financial Management (MindTap Course List)
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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Bristol Electronics had fixed assets of $15,000 at the beginning of the year and $19,500 at the end of the year. During the year, the firm sold $6,000 worth of fixed assets. How much in fixed assets must they have purchased? a. $10,500 b. $12,500 c. $11,000 d. $13,000 e. None of the above
Transcribed Image Text:Bristol Electronics had fixed assets of $15,000 at the beginning of the year and $19,500 at the end of the year. During the year, the firm sold $6,000 worth of fixed assets. How much in fixed assets must they have purchased? a. $10,500 b. $12,500 c. $11,000 d. $13,000 e. None of the above
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