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Dixon's Drones has beginning net fixed assets of $610 and ending net fixed assets of $725. Assets valued at $295 were sold during the year. Depreciation was $75. What is the amount of capital spending? A. $95 B. $485 C. $310 D. $560 E. $385

Dixon's Drones has beginning net fixed assets of $610 and ending net fixed assets of $725. Assets valued at $295 were sold during the year. Depreciation was $75. What is the amount of capital spending? A. $95 B. $485 C. $310 D. $560 E. $385

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter7: Fixed Assets, Natural Resources, And Intangible Assets
Section: Chapter Questions
Problem 7.3.1MBA
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Dixon's Drones has beginning net fixed assets of $610 and ending net fixed assets of $725. Assets valued at $295 were sold during the year. Depreciation was $75. What is the amount of capital spending? A. $95 B. $485 C. $310 D. $560 E. $385
Transcribed Image Text:Dixon's Drones has beginning net fixed assets of $610 and ending net fixed assets of $725. Assets valued at $295 were sold during the year. Depreciation was $75. What is the amount of capital spending? A. $95 B. $485 C. $310 D. $560 E. $385
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