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Business
Accounting
Orion Technologies, Inc. reported the following balance sheet values: • • . 2022 Net Fixed Assets = $10,200,000 2022 Accumulated Depreciation = ($3,100,000) 2023 Net Fixed Assets = $14,500,000 2023 Accumulated Depreciation = ($4,500,000) What was the change in gross fixed assets for Orion Technologies, Inc. between 2022 and 2023?

Orion Technologies, Inc. reported the following balance sheet values: • • . 2022 Net Fixed Assets = $10,200,000 2022 Accumulated Depreciation = ($3,100,000) 2023 Net Fixed Assets = $14,500,000 2023 Accumulated Depreciation = ($4,500,000) What was the change in gross fixed assets for Orion Technologies, Inc. between 2022 and 2023?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Financial accounting

Orion Technologies, Inc. reported the following balance sheet values: • • . 2022 Net Fixed Assets = $10,200,000 2022 Accumulated Depreciation = ($3,100,000) 2023 Net Fixed Assets = $14,500,000 2023 Accumulated Depreciation = ($4,500,000) What was the change in gross fixed assets for Orion Technologies, Inc. between 2022 and 2023?
Transcribed Image Text:Orion Technologies, Inc. reported the following balance sheet values: • • . 2022 Net Fixed Assets = $10,200,000 2022 Accumulated Depreciation = ($3,100,000) 2023 Net Fixed Assets = $14,500,000 2023 Accumulated Depreciation = ($4,500,000) What was the change in gross fixed assets for Orion Technologies, Inc. between 2022 and 2023?
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